The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/S BM Pipes Private Ltd (Operational Creditor) against M/S. MAS Project Engineers Private Limited (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor defaulted on payments for the supply of conduit pipes and pipe fittings. The Corporate Debtor contested the claim, alleging that the goods were not supplied and invoices were not handed over.
M/S BM Pipes Private Ltd (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/S. MAS Project Engineers Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor had placed various purchase orders between 2011 and 2015 for the supply of conduit pipes and pipe fittings. The Operational Creditor supplied the goods, raising invoices. The Corporate Debtor made part payments, but a sum of Rs. 10,50,499/- remained outstanding. The Operational Creditor issued a demand notice under Section 8 of the Code on 29.03.2018, claiming Rs. 14,84,110/- (including principal and interest). The Corporate Debtor disputed the claim,
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Corporate Debtor placed various purchase…
Corporate Debtor placed various purchase…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/S BM Pipes Private Ltd (Operational Creditor) against M/S. MAS Project Engineers Private Limited (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor defaulted on payments for the supply of conduit pipes and pipe fittings. The Corporate Debtor contested the claim, alleging that the goods were not supplied and invoices were not handed over.
M/S BM Pipes Private Ltd (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/S. MAS Project Engineers Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor had placed various purchase orders between 2011 and 2015 for the supply of conduit pipes and pipe fittings. The Operational Creditor supplied the goods, raising invoices. The Corporate Debtor made part payments, but a sum of Rs. 10,50,499/- remained outstanding. The Operational Creditor issued a demand notice under Section 8 of the Code on 29.03.2018, claiming Rs. 14,84,110/- (including principal and interest). The Corporate Debtor disputed the claim,
…Corporate Debtor placed various purchase…
Corporate Debtor placed various purchase…