The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by TDT Copper Limited (the applicant), an operational creditor, against Ujala Pumps Pvt. Ltd. (the respondent), seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The applicant claims that the respondent owes them a sum of Rs. 9,94,311/- as of November 2015 for the supply of copper items, despite repeated requests for payment. The respondent raised objections, claiming discrepancies in the statements of accounts and alleging that the applicant owes them money for deficient quantities of raw materials.
TDT Copper Limited (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Ujala Pumps Pvt. Ltd. (the respondent), seeking initiation of Corporate Insolvency Resolution Process (CIRP). The applicant claimed to be an operational creditor, stating that the respondent owed them Rs. 9,94,311/- as of November 2015 for the supply of copper items. The applicant issued a demand notice to the respondent on 25.07.2017, but the respondent failed to repay the outstanding amount. The respondent filed a reply objecting to the application, alleging discrepancies in the statements of accounts and claiming that the applicant owed them money for deficient quantities of raw materials. The last payment received by the operational creditor
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Ujala Pumps Pvt. Ltd.…
The last payment…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by TDT Copper Limited (the applicant), an operational creditor, against Ujala Pumps Pvt. Ltd. (the respondent), seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The applicant claims that the respondent owes them a sum of Rs. 9,94,311/- as of November 2015 for the supply of copper items, despite repeated requests for payment. The respondent raised objections, claiming discrepancies in the statements of accounts and alleging that the applicant owes them money for deficient quantities of raw materials.
TDT Copper Limited (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Ujala Pumps Pvt. Ltd. (the respondent), seeking initiation of Corporate Insolvency Resolution Process (CIRP). The applicant claimed to be an operational creditor, stating that the respondent owed them Rs. 9,94,311/- as of November 2015 for the supply of copper items. The applicant issued a demand notice to the respondent on 25.07.2017, but the respondent failed to repay the outstanding amount. The respondent filed a reply objecting to the application, alleging discrepancies in the statements of accounts and claiming that the applicant owed them money for deficient quantities of raw materials. The last payment received by the operational creditor
…Ujala Pumps Pvt. Ltd.…
The last payment…