Shree Laxmi Steel filed a petition against RCC Infra Ventures Limited under Section 9 of the IBC for a default of ₹2,39,89,076/-.

The petition was filed on 23.12.2022.

The Corporate Debtor argued that the petition was barred by limitation.

The Corporate Debtor claimed pre-existing disputes regarding the quality and quantity of supplied materials.

The Operational Creditor relied on an email dated 14.09.2020 as acknowledgment of debt.

The Adjudicating Authority noted that the date of default relied upon by the Operational Creditor falls within the Section 10A period.

The Adjudicating Authority observed that the Operational Creditor failed to produce the requisite Test Certificate as per the purchase order.

Shree Laxmi Steel filed a petition against RCC Infra Ventures Limited under Section 9 of the IBC for a default of ₹2,39,89,076/-.

The petition was filed on 23.12.2022.

The Corporate Debtor argued that the petition was barred by limitation.

The Corporate Debtor claimed pre-existing disputes regarding the quality and quantity of supplied materials.

The Operational Creditor relied on an email dated 14.09.2020 as acknowledgment of debt.

The Adjudicating Authority noted that the date of default relied upon by the Operational Creditor falls within the Section 10A period.

The Adjudicating Authority observed that the Operational Creditor failed to produce the requisite Test Certificate as per the purchase order.