The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Lavis Signature Panel Pvt. Ltd. (Operational Creditor) against Nikunj Woods Pvt. Ltd. (Corporate Debtor) for its inability to pay outstanding dues. The Operational Creditor claimed that the Corporate Debtor failed to make payments despite repeated requests and reminders, leading to the issuance of a demand notice under Section 8 of the Code, which was not replied to.
Lavis Signature Panel Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Nikunj Woods Pvt. Ltd. (Corporate Debtor) due to unpaid dues. The Operational Creditor is in the business of manufacturing and trading Veneer, Decorative Veneers, Door Skins, Plywood, Particle Boards, Pre-Laminated MDF, and Water-proof Plywood. The Corporate Debtor placed an order, and the Operational Creditor supplied goods vide invoices No. 044 & 060 dated 2017-08-01 and 2017-08-08 for Rs. 7,83,409 and Rs. 8,26,491 respectively. The Operational Creditor maintained a running account, and as per the ledger, a sum of Rs. 8,89,900 was due and payable, which the Operational Creditor claimed along with interest at 24% per annum.
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Invoice No. 04…
Invoice No. 06…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Lavis Signature Panel Pvt. Ltd. (Operational Creditor) against Nikunj Woods Pvt. Ltd. (Corporate Debtor) for its inability to pay outstanding dues. The Operational Creditor claimed that the Corporate Debtor failed to make payments despite repeated requests and reminders, leading to the issuance of a demand notice under Section 8 of the Code, which was not replied to.
Lavis Signature Panel Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Nikunj Woods Pvt. Ltd. (Corporate Debtor) due to unpaid dues. The Operational Creditor is in the business of manufacturing and trading Veneer, Decorative Veneers, Door Skins, Plywood, Particle Boards, Pre-Laminated MDF, and Water-proof Plywood. The Corporate Debtor placed an order, and the Operational Creditor supplied goods vide invoices No. 044 & 060 dated 2017-08-01 and 2017-08-08 for Rs. 7,83,409 and Rs. 8,26,491 respectively. The Operational Creditor maintained a running account, and as per the ledger, a sum of Rs. 8,89,900 was due and payable, which the Operational Creditor claimed along with interest at 24% per annum.
…Invoice No. 04…
Invoice No. 06…