Smart Serve Houseware Private Limited filed a Company Petition against Virgo Home Deziner Private Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The petitioner alleged that the corporate debtor defaulted on a payment of Rs. 8,54,576.25 on 19.01.2014 for supplied houseware products. The petitioner issued a demand notice on 27.12.2017, which the corporate debtor disputed in its reply dated 20.01.2018. The petitioner had previously sent a demand notice on 06.01.2017, which was also disputed by the corporate debtor on 04.02.2017, who in fact demanded Rs. 11,78,222 from the petitioner.
Smart Serve Houseware Private Limited (Petitioner) supplied houseware products to Virgo Home Deziner Private Limited (Corporate Debtor) from 11.05.2011 to 16.01.2014. The Corporate Debtor allegedly defaulted on a payment of Rs. 8,54,576.25/- due on 19.01.2014. The Petitioner issued a demand notice on 27.12.2017, which the Corporate Debtor disputed on 20.01.2018. Prior to this, the Petitioner sent a demand notice on 06.01.2017, also disputed by the Corporate Debtor on 04.02.2017, who counter-claimed Rs. 11,78,222/-. The Corporate Debtor, in an email dated 10.02.2015, assured payment by February or March 2015. The Corporate Debtor later raised disputes regarding tax invoices, advance payments, VAT, and debit notes. The Petitioner filed an additional affidavit stating
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Smart Serve Houseware Private Limited filed a Company Petition against Virgo Home Deziner Private Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The petitioner alleged that the corporate debtor defaulted on a payment of Rs. 8,54,576.25 on 19.01.2014 for supplied houseware products. The petitioner issued a demand notice on 27.12.2017, which the corporate debtor disputed in its reply dated 20.01.2018. The petitioner had previously sent a demand notice on 06.01.2017, which was also disputed by the corporate debtor on 04.02.2017, who in fact demanded Rs. 11,78,222 from the petitioner.
Smart Serve Houseware Private Limited (Petitioner) supplied houseware products to Virgo Home Deziner Private Limited (Corporate Debtor) from 11.05.2011 to 16.01.2014. The Corporate Debtor allegedly defaulted on a payment of Rs. 8,54,576.25/- due on 19.01.2014. The Petitioner issued a demand notice on 27.12.2017, which the Corporate Debtor disputed on 20.01.2018. Prior to this, the Petitioner sent a demand notice on 06.01.2017, also disputed by the Corporate Debtor on 04.02.2017, who counter-claimed Rs. 11,78,222/-. The Corporate Debtor, in an email dated 10.02.2015, assured payment by February or March 2015. The Corporate Debtor later raised disputes regarding tax invoices, advance payments, VAT, and debit notes. The Petitioner filed an additional affidavit stating
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