The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by R J Packwells Pvt. Ltd. against Nibula Print and Pack Pvt Ltd, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The applicant claims that the respondent defaulted on payments for supplied materials. The respondent failed to appear despite being served, leading to ex-parte proceedings.
R J Packwells Pvt. Ltd. (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Nibula Print and Pack Pvt Ltd (the respondent). The applicant supplied materials (Duplex and coated boards) to the respondent based on communication and commercial understanding. The applicant raised 39 invoices totaling INR 1,63,56,726/-, which remained unpaid from September 2017 onwards. The applicant issued demand notices on 15.06.2018 and 04.07.2018 for Rs. 2,00,31,713/-, including principal and interest. The respondent failed to reply or appear before the Tribunal. The registered office of the respondent is in Delhi, giving the Tribunal territorial jurisdiction.
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The debt fell due on…
The Insolvency and Bankruptcy Board of…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by R J Packwells Pvt. Ltd. against Nibula Print and Pack Pvt Ltd, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The applicant claims that the respondent defaulted on payments for supplied materials. The respondent failed to appear despite being served, leading to ex-parte proceedings.
R J Packwells Pvt. Ltd. (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Nibula Print and Pack Pvt Ltd (the respondent). The applicant supplied materials (Duplex and coated boards) to the respondent based on communication and commercial understanding. The applicant raised 39 invoices totaling INR 1,63,56,726/-, which remained unpaid from September 2017 onwards. The applicant issued demand notices on 15.06.2018 and 04.07.2018 for Rs. 2,00,31,713/-, including principal and interest. The respondent failed to reply or appear before the Tribunal. The registered office of the respondent is in Delhi, giving the Tribunal territorial jurisdiction.
The debt fell due on…
The Insolvency and Bankruptcy Board of…