The case involves an application filed by M/s. Fuso Glass India Pvt. Ltd. (Operational Creditor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s. Noble Consolidated Glazigs Ltd. (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed Rs.1,36,61,274/- as due on 12.05.2018. The Corporate Debtor allegedly failed to pay for laminated, insulated, and toughened glasses supplied by the Operational Creditor, with Rs.79,42,602/- due as of 01.03.2014. The Operational Creditor sent a demand notice on 23.03.2018, to which the Corporate Debtor replied on 02.04.2018, raising a dispute. The Corporate Debtor argued that the application was not maintainable, an abuse of process, and filed with the
…M/s. Fuso Glass India Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s. Noble Consolidated Glazigs Ltd. (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed Rs.1,36,61,274/- was due as of 12.05.2018. The debt arose from the supply of laminated, insulated, and toughened glasses to the Corporate Debtor, with Rs.79,42,602/- due as of 01.03.2014. The Corporate Debtor received the goods and approved them without objections. The Operational Creditor sent a demand notice on 23.03.2018. The Corporate Debtor replied on 02.04.2018, raising a dispute. The Corporate Debtor argued that the application was not maintainable, an abuse of
…Sign in to view the parties.
Rs.79,42,602/- was due…
Debt acknowled…
The case involves an application filed by M/s. Fuso Glass India Pvt. Ltd. (Operational Creditor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s. Noble Consolidated Glazigs Ltd. (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed Rs.1,36,61,274/- as due on 12.05.2018. The Corporate Debtor allegedly failed to pay for laminated, insulated, and toughened glasses supplied by the Operational Creditor, with Rs.79,42,602/- due as of 01.03.2014. The Operational Creditor sent a demand notice on 23.03.2018, to which the Corporate Debtor replied on 02.04.2018, raising a dispute. The Corporate Debtor argued that the application was not maintainable, an abuse of process, and filed with the
…M/s. Fuso Glass India Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s. Noble Consolidated Glazigs Ltd. (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed Rs.1,36,61,274/- was due as of 12.05.2018. The debt arose from the supply of laminated, insulated, and toughened glasses to the Corporate Debtor, with Rs.79,42,602/- due as of 01.03.2014. The Corporate Debtor received the goods and approved them without objections. The Operational Creditor sent a demand notice on 23.03.2018. The Corporate Debtor replied on 02.04.2018, raising a dispute. The Corporate Debtor argued that the application was not maintainable, an abuse of
…Rs.79,42,602/- was due…
Debt acknowled…