Tangent Services filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against MDI Laboratories India Private Limited. The petition alleges that MDI Laboratories defaulted on payments amounting to Rs. 2,64,981/-, inclusive of interest calculated at 3% p.m. on delayed payments. The petitioner had supplied medical devices, instruments, systems, and reagents to the corporate debtor, raising invoices from 28.10.2014 to 25.02.2015 totaling Rs. 1,69,890/-. The petitioner requested overdue payments via email on 10.08.2015.
Tangent Services (Petitioner) filed a petition against MDI Laboratories India Private Limited (Corporate Debtor) under Section 9 of the IBC, alleging a default in payment of Rs. 2,64,981/-, which included interest. The Petitioner supplied medical devices, instruments, systems, and reagents to the Corporate Debtor between 28.10.2014 and 25.02.2015, raising invoices totaling Rs. 1,69,890/-. The Petitioner requested payment via email on 10.08.2015. The Corporate Debtor, in an email dated 08.09.2015, requested a statement of account and pending credit notes. The Petitioner agreed to provide a credit note for the VAT difference (Rs. 8,941/-) and requested the balance payment. The Corporate Debtor acknowledged the debt but requested the credit note before releasing payment.
…Sign in to view the parties.
Petitioner raised…
Petitioner raised…
Tangent Services filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against MDI Laboratories India Private Limited. The petition alleges that MDI Laboratories defaulted on payments amounting to Rs. 2,64,981/-, inclusive of interest calculated at 3% p.m. on delayed payments. The petitioner had supplied medical devices, instruments, systems, and reagents to the corporate debtor, raising invoices from 28.10.2014 to 25.02.2015 totaling Rs. 1,69,890/-. The petitioner requested overdue payments via email on 10.08.2015.
Tangent Services (Petitioner) filed a petition against MDI Laboratories India Private Limited (Corporate Debtor) under Section 9 of the IBC, alleging a default in payment of Rs. 2,64,981/-, which included interest. The Petitioner supplied medical devices, instruments, systems, and reagents to the Corporate Debtor between 28.10.2014 and 25.02.2015, raising invoices totaling Rs. 1,69,890/-. The Petitioner requested payment via email on 10.08.2015. The Corporate Debtor, in an email dated 08.09.2015, requested a statement of account and pending credit notes. The Petitioner agreed to provide a credit note for the VAT difference (Rs. 8,941/-) and requested the balance payment. The Corporate Debtor acknowledged the debt but requested the credit note before releasing payment.
…Petitioner raised…
Petitioner raised…