M/s Puthwala & Co., through its partner Tariq Puthawala, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) against Sonhira Stationaries Private Limited, the Respondent/Corporate Debtor. The petition was filed due to the Corporate Debtor's default in payment of Rs.54,61,408/- against various invoices for the supply of goods in the form of raw materials of papers. The Operational Creditor stated that the Corporate Debtor approached them in 2016 for packaging solutions and regularly purchased goods from 2016 to 2018, making payments against the same. The Operational Creditor issued several invoices between 26.01.2016 and 22.05.2016 on a running account basis, and no dispute was raised by the Corporate Debtor until
…M/s Puthwala & Co., an operational creditor represented by Tariq Puthawala, filed a petition against Sonhira Stationaries Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The claim was for Rs. 54,61,408/- due to unpaid invoices for the supply of raw materials (papers). The corporate debtor had been purchasing goods from the operational creditor between 2016 and 2018. The operational creditor issued invoices between 26.01.2016 and 22.05.2016. A demand notice was sent on 26.09.2018 and received by the corporate debtor on 04.10.2018, but no payment or dispute was raised. The corporate debtor did not deposit Rs. 7,00,000/- into the operational creditor's account between 04.05.2017 and 06.12.2018. The corporate debtor
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M/s Puthwala & Co., through its partner Tariq Puthawala, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) against Sonhira Stationaries Private Limited, the Respondent/Corporate Debtor. The petition was filed due to the Corporate Debtor's default in payment of Rs.54,61,408/- against various invoices for the supply of goods in the form of raw materials of papers. The Operational Creditor stated that the Corporate Debtor approached them in 2016 for packaging solutions and regularly purchased goods from 2016 to 2018, making payments against the same. The Operational Creditor issued several invoices between 26.01.2016 and 22.05.2016 on a running account basis, and no dispute was raised by the Corporate Debtor until
…M/s Puthwala & Co., an operational creditor represented by Tariq Puthawala, filed a petition against Sonhira Stationaries Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The claim was for Rs. 54,61,408/- due to unpaid invoices for the supply of raw materials (papers). The corporate debtor had been purchasing goods from the operational creditor between 2016 and 2018. The operational creditor issued invoices between 26.01.2016 and 22.05.2016. A demand notice was sent on 26.09.2018 and received by the corporate debtor on 04.10.2018, but no payment or dispute was raised. The corporate debtor did not deposit Rs. 7,00,000/- into the operational creditor's account between 04.05.2017 and 06.12.2018. The corporate debtor
…The Corporate Debtor…
Start date of the…