This case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s. Arjun Chemicals Private Limited (Operational Creditor) to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Kumararaja Paper Mill Private Limited (Corporate Debtor). The Operational Creditor claimed a sum of Rs.2,48,792/- and interest of Rs.1,08,261/- due from the Corporate Debtor. The Corporate Debtor failed to make payments for the supplied chemicals and also failed to return two dozing pumps owned by the Operational Creditor. A demand notice under Section 8 of IBC, 2016 was sent to the Corporate Debtor, but no reply was received.
M/s. Arjun Chemicals Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Kumararaja Paper Mill Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted in making payments for the supply of composize – cationic rosin dispersion in plastic barrels. The Operational Creditor supplied the chemicals based on a Purchase Order dated 22.03.2017 and raised an invoice for Rs.1,08,261/- on 25.03.2017. The total amount claimed was Rs.2,48,792/- along with interest of Rs.1,08,261/-. The Corporate Debtor issued cheques that were returned due to insufficient funds. The Corporate Debtor also failed
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Purchase Order issued…
Invoice raised by…
This case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s. Arjun Chemicals Private Limited (Operational Creditor) to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Kumararaja Paper Mill Private Limited (Corporate Debtor). The Operational Creditor claimed a sum of Rs.2,48,792/- and interest of Rs.1,08,261/- due from the Corporate Debtor. The Corporate Debtor failed to make payments for the supplied chemicals and also failed to return two dozing pumps owned by the Operational Creditor. A demand notice under Section 8 of IBC, 2016 was sent to the Corporate Debtor, but no reply was received.
M/s. Arjun Chemicals Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Kumararaja Paper Mill Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted in making payments for the supply of composize – cationic rosin dispersion in plastic barrels. The Operational Creditor supplied the chemicals based on a Purchase Order dated 22.03.2017 and raised an invoice for Rs.1,08,261/- on 25.03.2017. The total amount claimed was Rs.2,48,792/- along with interest of Rs.1,08,261/-. The Corporate Debtor issued cheques that were returned due to insufficient funds. The Corporate Debtor also failed
…Purchase Order issued…
Invoice raised by…