The case pertains to 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 claimed that the respondent defaulted on payments for the supply of materials, specifically duplex and coated boards. The applicant issued demand notices under Section 8 of the Code after the respondent failed to make payments despite reminders. The respondent did not appear to contest the application.
R J Packwells Pvt. Ltd. (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Nibula Print and Pack Pvt Ltd (the respondent). The applicant claimed that the respondent defaulted on payments for the supply of materials (duplex and coated boards). The applicant and respondent had a business relationship involving the supply of materials. The applicant raised 39 invoices totaling INR 1,63,56,726/-, which remained unpaid from September 2017 onwards. The applicant issued demand notices under Section 8 of the IBC on 15.06.2018 and 04.07.2018 for a total amount of Rs. 2,00,31,713/-, including interest. The respondent failed to reply to the demand notices and did not appear before the tribunal despite being served. The
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The case pertains to 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 claimed that the respondent defaulted on payments for the supply of materials, specifically duplex and coated boards. The applicant issued demand notices under Section 8 of the Code after the respondent failed to make payments despite reminders. The respondent did not appear to contest the application.
R J Packwells Pvt. Ltd. (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Nibula Print and Pack Pvt Ltd (the respondent). The applicant claimed that the respondent defaulted on payments for the supply of materials (duplex and coated boards). The applicant and respondent had a business relationship involving the supply of materials. The applicant raised 39 invoices totaling INR 1,63,56,726/-, which remained unpaid from September 2017 onwards. The applicant issued demand notices under Section 8 of the IBC on 15.06.2018 and 04.07.2018 for a total amount of Rs. 2,00,31,713/-, including interest. The respondent failed to reply to the demand notices and did not appear before the tribunal despite being served. The
…The debt of INR…
The applicant issued a…