The case involves an application filed by M/s. Sangeetha Traders Chennai Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against M/s. Sai Krupa Packaging Private Limited (Corporate Debtor). The Operational Creditor claimed a sum of Rs.35,86,098/- as operational debt against invoices raised between 26.12.2014 and 29.07.2016. The application was filed on 29.11.2019.
M/s. Sangeetha Traders Chennai Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. Sai Krupa Packaging Private Limited (Corporate Debtor) for a default of Rs.35,86,098/-. The debt arose from unpaid invoices for the supply of Kraft Paper between 26.12.2014 and 29.07.2016. The Operational Creditor issued a legal notice on 18.12.2017, to which the Corporate Debtor replied on 21.12.2017, acknowledging a debt of Rs.33,23,921/- but disputing the total amount claimed. A demand notice in Form 3 was issued on 10.09.2019 and received by the Corporate Debtor on 09.10.2019. The application was filed on 29.11.2019. The Corporate Debtor did not appear before the Tribunal. The Tribunal considered the
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The case involves an application filed by M/s. Sangeetha Traders Chennai Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against M/s. Sai Krupa Packaging Private Limited (Corporate Debtor). The Operational Creditor claimed a sum of Rs.35,86,098/- as operational debt against invoices raised between 26.12.2014 and 29.07.2016. The application was filed on 29.11.2019.
M/s. Sangeetha Traders Chennai Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. Sai Krupa Packaging Private Limited (Corporate Debtor) for a default of Rs.35,86,098/-. The debt arose from unpaid invoices for the supply of Kraft Paper between 26.12.2014 and 29.07.2016. The Operational Creditor issued a legal notice on 18.12.2017, to which the Corporate Debtor replied on 21.12.2017, acknowledging a debt of Rs.33,23,921/- but disputing the total amount claimed. A demand notice in Form 3 was issued on 10.09.2019 and received by the Corporate Debtor on 09.10.2019. The application was filed on 29.11.2019. The Corporate Debtor did not appear before the Tribunal. The Tribunal considered the
…The first invoice…
The last invoice raised…