The case involves an application filed by Kewaunee Labway India Private Limited (operational creditor/applicant) under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against JBF Petrochemicals Limited (corporate debtor). The operational creditor claimed that the corporate debtor failed to pay outstanding dues for the supply of laboratory furniture, exhaust, gas distribution, drainage, electrical safety, HVAC system, and office furniture, as well as installation and commissioning services, against purchase and work orders. The corporate debtor raised objections, citing pre-existing disputes regarding the quality and quantity of goods supplied and the amount
…Kewaunee Labway India Private Limited (operational creditor) supplied laboratory furniture, exhaust, gas distribution, drainage, electrical safety, HVAC system, and office furniture to JBF Petrochemicals Limited (corporate debtor) against a purchase order dated 2016-02-19, worth Rs. 1,90,47,477/-. The operational creditor also provided installation and commissioning services for HVAC and electrical works under a work order dated 2016-02-24, for Rs. 15,50,137/-. The terms of the purchase order stipulated an advance payment of 20% upon furnishing a bank guarantee, 70% against receipt of material on a pro rata basis, and the balance 10% upon submission of a performance bank guarantee. The operational creditor received an advance payment of 20% after furnishing a bank
…Sign in to view the parties.
Purchase order issued to the operational…
Work order issued to the operational creditor…
The case involves an application filed by Kewaunee Labway India Private Limited (operational creditor/applicant) under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against JBF Petrochemicals Limited (corporate debtor). The operational creditor claimed that the corporate debtor failed to pay outstanding dues for the supply of laboratory furniture, exhaust, gas distribution, drainage, electrical safety, HVAC system, and office furniture, as well as installation and commissioning services, against purchase and work orders. The corporate debtor raised objections, citing pre-existing disputes regarding the quality and quantity of goods supplied and the amount
…Kewaunee Labway India Private Limited (operational creditor) supplied laboratory furniture, exhaust, gas distribution, drainage, electrical safety, HVAC system, and office furniture to JBF Petrochemicals Limited (corporate debtor) against a purchase order dated 2016-02-19, worth Rs. 1,90,47,477/-. The operational creditor also provided installation and commissioning services for HVAC and electrical works under a work order dated 2016-02-24, for Rs. 15,50,137/-. The terms of the purchase order stipulated an advance payment of 20% upon furnishing a bank guarantee, 70% against receipt of material on a pro rata basis, and the balance 10% upon submission of a performance bank guarantee. The operational creditor received an advance payment of 20% after furnishing a bank
…Purchase order issued to the operational…
Work order issued to the operational creditor…