M/s Concrete Additives & Chemicals Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency process against M/s Red Brick Consulting Private Limited, alleging default in payment of operational debt. The applicant claimed that the corporate debtor failed to pay a total sum of Rs. 8,35,489/- for the supply of goods. The corporate debtor admitted to the liability but contended that payment had been made. The application was filed within the limitation period.
M/s Concrete Additives & Chemicals Private Limited (the Applicant) supplied 48 Drums of CAC-Shortcrete AFA and 10 Drums of CAC- Super Flow SF to M/s Red Brick Consulting Private Limited (the Corporate Debtor) based on an email dated 28.01.2017. The Applicant raised a tax invoice for Rs. 4,64,709/-. The Corporate Debtor acknowledged receipt of the goods via a letter dated 30.01.2017. Subsequently, another purchase order was placed on 21.02.2017 for 16,000 Kg of Alkalifree Accelerator and 3,250 Kg of Plasticizer. The Applicant supplied sand materials and raised an invoice dated 01.03.2017 for Rs. 3,70,780/-. The total outstanding amount was Rs. 8,35,489/-. On 27.11.2018, the Corporate Debtor paid Rs. 4,62,454.72/-, leaving a balance of Rs. 3,73,034.28/- plus
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M/s Concrete Additives & Chemicals Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency process against M/s Red Brick Consulting Private Limited, alleging default in payment of operational debt. The applicant claimed that the corporate debtor failed to pay a total sum of Rs. 8,35,489/- for the supply of goods. The corporate debtor admitted to the liability but contended that payment had been made. The application was filed within the limitation period.
M/s Concrete Additives & Chemicals Private Limited (the Applicant) supplied 48 Drums of CAC-Shortcrete AFA and 10 Drums of CAC- Super Flow SF to M/s Red Brick Consulting Private Limited (the Corporate Debtor) based on an email dated 28.01.2017. The Applicant raised a tax invoice for Rs. 4,64,709/-. The Corporate Debtor acknowledged receipt of the goods via a letter dated 30.01.2017. Subsequently, another purchase order was placed on 21.02.2017 for 16,000 Kg of Alkalifree Accelerator and 3,250 Kg of Plasticizer. The Applicant supplied sand materials and raised an invoice dated 01.03.2017 for Rs. 3,70,780/-. The total outstanding amount was Rs. 8,35,489/-. On 27.11.2018, the Corporate Debtor paid Rs. 4,62,454.72/-, leaving a balance of Rs. 3,73,034.28/- plus
…Corporate debtor…
Corporate d…