Mehta Tubes Ltd., an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC) against NSP Hospitech India Pvt. Ltd., the Corporate Debtor, claiming a sum of Rs. 84,97,571/- as unpaid liability for materials supplied. The Corporate Debtor allegedly failed to pay despite repeated requests and demands. The Operational Creditor had previously filed a similar petition, which was withdrawn due to technical defects. The Corporate Debtor raised objections, claiming defects in the supplied goods and delay in supply, leading to losses. The Corporate Debtor also claimed that the Operational Creditor suppressed the fact that the demand notice was replied to.
Mehta Tubes Ltd. (Operational Creditor) supplied copper pipes to NSP Hospitech India Pvt. Ltd. (Corporate Debtor) between 2015-08-03 and 2015-09-30 for surgical purposes. The total amount claimed under 5 invoices was Rs. 1,94,97,571/-. The Corporate Debtor made a part payment of Rs. 73,56,358/-, leaving an outstanding balance of Rs. 84,97,571/-. The Operational Creditor issued a demand notice on 2018-02-01, and a fresh demand notice on 2018-05-23. The Corporate Debtor claimed defects in the goods and delay in supply, leading to losses of Rs. 30,00,000/-. An email dated 2015-11-02 indicated that some goods were received in a damaged stage. The Corporate Debtor also claimed that the Operational Creditor suppressed the fact that the demand notice was replied to,
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Mehta Tubes Ltd.…
Mehta Tubes Ltd.…
Mehta Tubes Ltd., an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC) against NSP Hospitech India Pvt. Ltd., the Corporate Debtor, claiming a sum of Rs. 84,97,571/- as unpaid liability for materials supplied. The Corporate Debtor allegedly failed to pay despite repeated requests and demands. The Operational Creditor had previously filed a similar petition, which was withdrawn due to technical defects. The Corporate Debtor raised objections, claiming defects in the supplied goods and delay in supply, leading to losses. The Corporate Debtor also claimed that the Operational Creditor suppressed the fact that the demand notice was replied to.
Mehta Tubes Ltd. (Operational Creditor) supplied copper pipes to NSP Hospitech India Pvt. Ltd. (Corporate Debtor) between 2015-08-03 and 2015-09-30 for surgical purposes. The total amount claimed under 5 invoices was Rs. 1,94,97,571/-. The Corporate Debtor made a part payment of Rs. 73,56,358/-, leaving an outstanding balance of Rs. 84,97,571/-. The Operational Creditor issued a demand notice on 2018-02-01, and a fresh demand notice on 2018-05-23. The Corporate Debtor claimed defects in the goods and delay in supply, leading to losses of Rs. 30,00,000/-. An email dated 2015-11-02 indicated that some goods were received in a damaged stage. The Corporate Debtor also claimed that the Operational Creditor suppressed the fact that the demand notice was replied to,
…Mehta Tubes Ltd.…
Mehta Tubes Ltd.…