The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s. Inject Care Parenterals Limited (Operational Creditor) against M/s. Vextra Laboratories Private Limited (Corporate Debtor). The Operational Creditor claimed a default of ₹ 53,31,736 with an additional claim of 24% p.a. interest. The Operational Creditor supplied dry powder injections to the Debtor between 2013 and 2014. The Debtor made some payments, but an outstanding amount remained. The Operational Creditor issued a statutory notice under Sections 433 and 434 of the Companies Act, 1956, after the Debtor failed to make payments. The Debtor raised a dispute for the first time in its reply to the application. The Ministry of Health, Russia, rejected a consignment of
…M/s. Inject Care Parenterals Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Vextra Laboratories Private Limited (Corporate Debtor) for a default of ₹ 53,31,736. The Operational Creditor supplied dry powder injections to the Debtor between October 2013 and March 2014. The Debtor made partial payments, but an outstanding amount remained unpaid. The Operational Creditor issued a statutory notice under Sections 433 and 434 of the Companies Act, 1956. The Debtor raised a dispute for the first time in its reply to the application, claiming that the Ministry of Health, Russia, rejected a consignment of goods supplied by the Operational Creditor. The Debtor also claimed that the Operational Creditor
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Original petition was filed with the Hon'ble…
Petition got transferred…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s. Inject Care Parenterals Limited (Operational Creditor) against M/s. Vextra Laboratories Private Limited (Corporate Debtor). The Operational Creditor claimed a default of ₹ 53,31,736 with an additional claim of 24% p.a. interest. The Operational Creditor supplied dry powder injections to the Debtor between 2013 and 2014. The Debtor made some payments, but an outstanding amount remained. The Operational Creditor issued a statutory notice under Sections 433 and 434 of the Companies Act, 1956, after the Debtor failed to make payments. The Debtor raised a dispute for the first time in its reply to the application. The Ministry of Health, Russia, rejected a consignment of
…M/s. Inject Care Parenterals Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Vextra Laboratories Private Limited (Corporate Debtor) for a default of ₹ 53,31,736. The Operational Creditor supplied dry powder injections to the Debtor between October 2013 and March 2014. The Debtor made partial payments, but an outstanding amount remained unpaid. The Operational Creditor issued a statutory notice under Sections 433 and 434 of the Companies Act, 1956. The Debtor raised a dispute for the first time in its reply to the application, claiming that the Ministry of Health, Russia, rejected a consignment of goods supplied by the Operational Creditor. The Debtor also claimed that the Operational Creditor
…Original petition was filed with the Hon'ble…
Petition got transferred…