The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/S Bindals Merchandise, an operational creditor, against Maple Realcon Private Limited, the corporate debtor. Bindals Merchandise claimed that it supplied goods (MS Bar) to Maple Realcon based on verbal orders between 13.07.2016 and 05.01.2018, for a housing project. A demand notice was issued on 28.03.2018 for an outstanding amount of Rs. 1,89,29,411/-. The corporate debtor did not reply to the demand notice or clear the debt.
M/S Bindals Merchandise, the applicant, is a trading division of Bindal Papers Limited. Maple Realcon Private Limited, the respondent, is a company incorporated under the Companies Act, 1956. Bindals Merchandise supplied MS Bar to Maple Realcon based on verbal orders for their housing project 'Project Misty Height' between 13.07.2016 and 05.01.2018. The operational creditor maintained a ledger account reflecting an outstanding of Rs. 1,89,29,411/-. The authorized signatory of the corporate debtor acknowledged receipt of the goods via signed delivery challans. The corporate debtor did not raise any dispute regarding the quality or quantity of the supplied goods. A demand notice was issued on 28.03.2018 under Section 8 of the IBC, but the corporate debtor neither replied
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Bindal Papers Limited constituted vide Board…
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The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/S Bindals Merchandise, an operational creditor, against Maple Realcon Private Limited, the corporate debtor. Bindals Merchandise claimed that it supplied goods (MS Bar) to Maple Realcon based on verbal orders between 13.07.2016 and 05.01.2018, for a housing project. A demand notice was issued on 28.03.2018 for an outstanding amount of Rs. 1,89,29,411/-. The corporate debtor did not reply to the demand notice or clear the debt.
M/S Bindals Merchandise, the applicant, is a trading division of Bindal Papers Limited. Maple Realcon Private Limited, the respondent, is a company incorporated under the Companies Act, 1956. Bindals Merchandise supplied MS Bar to Maple Realcon based on verbal orders for their housing project 'Project Misty Height' between 13.07.2016 and 05.01.2018. The operational creditor maintained a ledger account reflecting an outstanding of Rs. 1,89,29,411/-. The authorized signatory of the corporate debtor acknowledged receipt of the goods via signed delivery challans. The corporate debtor did not raise any dispute regarding the quality or quantity of the supplied goods. A demand notice was issued on 28.03.2018 under Section 8 of the IBC, but the corporate debtor neither replied
…Bindal Papers Limited constituted vide Board…
Applicant supplied…