The case originates from a winding-up petition filed before the Delhi High Court under Sections 433(e), 434, and 439(b) of the Companies Act, 1956. Upon the constitution of the NCLT, the matter was transferred to the Principal Bench of the NCLT in New Delhi. The petition was filed by an 'Operational Creditor' against an 'Operational Debtor' for unpaid debts related to the supply of steel and iron goods. The 'Operational Debtor' claimed the materials were defective, which the 'Operational Creditor' refuted, stating quality checks were performed and approved before dispatch. The 'Operational Creditor' served multiple legal notices for payment, which remained unheeded.
Mr. Nitin Khandela Wal, the 'Operational Creditor', filed a petition against Maini Construction Equipments Pvt. Ltd., the 'Operational Debtor', for unpaid debts. The 'Operational Creditor' is in the business of manufacturing and selling steel and iron goods. The 'Operational Debtor' purchased these goods, specifically MS Channels, from the 'Operational Creditor'. A debit balance of Rs.90,23,846/- remained unpaid despite repeated requests. The 'Operational Debtor' raised a dispute claiming the materials were defective in a reply dated 23.08.2016 to a demand notice sent on 16.08.2016. The 'Operational Creditor' asserted that quality checks were performed by their authorized personnel at Natani Steel Rolling Mills, Jaipur, before dispatch. Legal notices were served on
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Reference to Sections 433(e), 434, and 439(b) of…
Purchase order issued…
The case originates from a winding-up petition filed before the Delhi High Court under Sections 433(e), 434, and 439(b) of the Companies Act, 1956. Upon the constitution of the NCLT, the matter was transferred to the Principal Bench of the NCLT in New Delhi. The petition was filed by an 'Operational Creditor' against an 'Operational Debtor' for unpaid debts related to the supply of steel and iron goods. The 'Operational Debtor' claimed the materials were defective, which the 'Operational Creditor' refuted, stating quality checks were performed and approved before dispatch. The 'Operational Creditor' served multiple legal notices for payment, which remained unheeded.
Mr. Nitin Khandela Wal, the 'Operational Creditor', filed a petition against Maini Construction Equipments Pvt. Ltd., the 'Operational Debtor', for unpaid debts. The 'Operational Creditor' is in the business of manufacturing and selling steel and iron goods. The 'Operational Debtor' purchased these goods, specifically MS Channels, from the 'Operational Creditor'. A debit balance of Rs.90,23,846/- remained unpaid despite repeated requests. The 'Operational Debtor' raised a dispute claiming the materials were defective in a reply dated 23.08.2016 to a demand notice sent on 16.08.2016. The 'Operational Creditor' asserted that quality checks were performed by their authorized personnel at Natani Steel Rolling Mills, Jaipur, before dispatch. Legal notices were served on
…Reference to Sections 433(e), 434, and 439(b) of…
Purchase order issued…