RK Packaging, an operational creditor, filed a company petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Aditus Mart Private Limited, the corporate debtor, for a total operational debt of Rs. 1,16,00,017/- along with interest at 18% p.a. from 30.10.2019. The operational creditor claimed to have supplied goods worth Rs. 13,71,79,527/- to the corporate debtor, out of which the corporate debtor made a part payment of Rs. 12,55,79,510/-, leaving a balance of Rs. 1,16,00,017/- outstanding.
RK Packaging, a proprietorship concern, is engaged in the business of trading incense sticks and related products. Aditus Mart Private Limited (Corporate Debtor) issued several purchase orders to RK Packaging (Operational Creditor) for the supply of goods. RK Packaging supplied goods worth Rs. 13,71,79,527/- to Aditus Mart Private Limited. Aditus Mart Private Limited made a part payment of Rs. 12,55,79,510/-, leaving a balance of Rs. 1,16,00,017/- outstanding. RK Packaging sent reminders to Aditus Mart Private Limited, but the dues were not cleared. RK Packaging served a demand notice on 11.03.2023, demanding Rs. 1,16,00,017/-. Aditus Mart Private Limited, via email dated 21.04.2023, denied the amount claimed and raised an issue with respect to the quality of goods.
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The Operational Creditor started supplying…
Operational Creditor issued several…
RK Packaging, an operational creditor, filed a company petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Aditus Mart Private Limited, the corporate debtor, for a total operational debt of Rs. 1,16,00,017/- along with interest at 18% p.a. from 30.10.2019. The operational creditor claimed to have supplied goods worth Rs. 13,71,79,527/- to the corporate debtor, out of which the corporate debtor made a part payment of Rs. 12,55,79,510/-, leaving a balance of Rs. 1,16,00,017/- outstanding.
RK Packaging, a proprietorship concern, is engaged in the business of trading incense sticks and related products. Aditus Mart Private Limited (Corporate Debtor) issued several purchase orders to RK Packaging (Operational Creditor) for the supply of goods. RK Packaging supplied goods worth Rs. 13,71,79,527/- to Aditus Mart Private Limited. Aditus Mart Private Limited made a part payment of Rs. 12,55,79,510/-, leaving a balance of Rs. 1,16,00,017/- outstanding. RK Packaging sent reminders to Aditus Mart Private Limited, but the dues were not cleared. RK Packaging served a demand notice on 11.03.2023, demanding Rs. 1,16,00,017/-. Aditus Mart Private Limited, via email dated 21.04.2023, denied the amount claimed and raised an issue with respect to the quality of goods.
…The Operational Creditor started supplying…
Operational Creditor issued several…