The case involves a Company Petition filed by M/s. Deepak Fasteners Limited (Operational Creditor) against M/s. Mahadev Profiles Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for goods supplied.
Deepak Fasteners Limited (Operational Creditor) filed a petition against Mahadev Profiles Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming default in payment for goods supplied. The Operational Creditor supplied hardware products to the Corporate Debtor based on purchase orders, including purchase order No.MPPL/P.O/251/2016-2017 dated 2017-01-21. The total value of goods supplied was Rs. 19,40,638/-. The Corporate Debtor made an advance payment of Rs. 97,026/- on 2017-01-30. Invoices were raised for the remaining amount, including invoice no.30601 dated 2017-04-24 for Rs.24,773/-, invoice no.30616 dated 2017-04-25 for Rs.6,48,621/-, and invoice no.30736 dated 2017-04-26 for Rs.2,96,924/-. A cheque for
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Purchase order…
An amount of Rs.97,026/-…
The case involves a Company Petition filed by M/s. Deepak Fasteners Limited (Operational Creditor) against M/s. Mahadev Profiles Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for goods supplied.
Deepak Fasteners Limited (Operational Creditor) filed a petition against Mahadev Profiles Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming default in payment for goods supplied. The Operational Creditor supplied hardware products to the Corporate Debtor based on purchase orders, including purchase order No.MPPL/P.O/251/2016-2017 dated 2017-01-21. The total value of goods supplied was Rs. 19,40,638/-. The Corporate Debtor made an advance payment of Rs. 97,026/- on 2017-01-30. Invoices were raised for the remaining amount, including invoice no.30601 dated 2017-04-24 for Rs.24,773/-, invoice no.30616 dated 2017-04-25 for Rs.6,48,621/-, and invoice no.30736 dated 2017-04-26 for Rs.2,96,924/-. A cheque for
…Purchase order…
An amount of Rs.97,026/-…