Kanan Graphics Private Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) against Print Plus Private Limited, the Corporate Debtor, for defaulting on payments of ₹15,96,723/- against invoices. The Corporate Debtor raised disputes regarding the quality of goods supplied, claiming a loss of ₹28,00,000/- due to defective goods. The Operational Creditor argued that the Corporate Debtor accepted credit notes for the defective goods, settling the dispute. The Corporate Debtor had also filed a prior application for the same claim, which was dismissed.
Kanan Graphics Private Limited (Operational Creditor) supplied goods to Print Plus Private Limited (Corporate Debtor). The Corporate Debtor claimed the goods were defective, leading to a loss of ₹28,00,000. The Operational Creditor issued credit notes for the defective goods, which the Corporate Debtor accepted. The Operational Creditor issued a demand notice on 5.5.2017 for ₹15,96,723. The Corporate Debtor raised a dispute regarding the defective goods in its reply to the demand notice. The Operational Creditor filed a petition under Section 9 of the I&B Code. The Corporate Debtor had also filed a prior application for the same claim, which was dismissed. The date of default is stated as 29.02.2016. The Operational Creditor states that it is in the business of
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Operational Creditor…
The date of de…
Kanan Graphics Private Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) against Print Plus Private Limited, the Corporate Debtor, for defaulting on payments of ₹15,96,723/- against invoices. The Corporate Debtor raised disputes regarding the quality of goods supplied, claiming a loss of ₹28,00,000/- due to defective goods. The Operational Creditor argued that the Corporate Debtor accepted credit notes for the defective goods, settling the dispute. The Corporate Debtor had also filed a prior application for the same claim, which was dismissed.
Kanan Graphics Private Limited (Operational Creditor) supplied goods to Print Plus Private Limited (Corporate Debtor). The Corporate Debtor claimed the goods were defective, leading to a loss of ₹28,00,000. The Operational Creditor issued credit notes for the defective goods, which the Corporate Debtor accepted. The Operational Creditor issued a demand notice on 5.5.2017 for ₹15,96,723. The Corporate Debtor raised a dispute regarding the defective goods in its reply to the demand notice. The Operational Creditor filed a petition under Section 9 of the I&B Code. The Corporate Debtor had also filed a prior application for the same claim, which was dismissed. The date of default is stated as 29.02.2016. The Operational Creditor states that it is in the business of
…Operational Creditor…
The date of de…