M/s. Bharath Dental Lab, represented by its Proprietor Mr. Shahul Hameed, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. Vasan Dental Hospitals Private Limited, claiming to be an operational creditor. The petitioner claimed an outstanding amount of Rs. 17,81,627/- as of 17.12.2019, out of a total claim of Rs. 54,99,881/- for dental dentures and ceramic zirconiaprosthetic works supplied between 21-02-2012 and 21-09-2017. The respondent contended that payments were made on undisputed invoices and that they were not liable for defective/damaged/broken products.
M/s. Bharath Dental Lab, the operational creditor, supplied dental dentures and ceramic zirconiaprosthetic works to M/s. Vasan Dental Hospitals Private Limited, the corporate debtor, between 21-02-2012 and 21-09-2017. The total claim amounted to Rs. 54,99,881/-, out of which Rs. 37,18,254/- was paid. The operational creditor claimed that Rs. 17,81,627/- was still due as of 17.12.2019. A legal notice was issued on 05.10.2017, followed by a demand notice on 15.11.2019 under Section 8 of the IBC, 2016. The corporate debtor contended that payments were made on undisputed invoices and that they were not liable for defective/damaged/broken products. The operational creditor argued that the corporate debtor fabricated the story of defective products to avoid payments. The
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The Petitioner supplied Dental Dentures and…
The period during which the Petitioner…
M/s. Bharath Dental Lab, represented by its Proprietor Mr. Shahul Hameed, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. Vasan Dental Hospitals Private Limited, claiming to be an operational creditor. The petitioner claimed an outstanding amount of Rs. 17,81,627/- as of 17.12.2019, out of a total claim of Rs. 54,99,881/- for dental dentures and ceramic zirconiaprosthetic works supplied between 21-02-2012 and 21-09-2017. The respondent contended that payments were made on undisputed invoices and that they were not liable for defective/damaged/broken products.
M/s. Bharath Dental Lab, the operational creditor, supplied dental dentures and ceramic zirconiaprosthetic works to M/s. Vasan Dental Hospitals Private Limited, the corporate debtor, between 21-02-2012 and 21-09-2017. The total claim amounted to Rs. 54,99,881/-, out of which Rs. 37,18,254/- was paid. The operational creditor claimed that Rs. 17,81,627/- was still due as of 17.12.2019. A legal notice was issued on 05.10.2017, followed by a demand notice on 15.11.2019 under Section 8 of the IBC, 2016. The corporate debtor contended that payments were made on undisputed invoices and that they were not liable for defective/damaged/broken products. The operational creditor argued that the corporate debtor fabricated the story of defective products to avoid payments. The
…The Petitioner supplied Dental Dentures and…
The period during which the Petitioner…