The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, by DIPY ENTERPRISE (Operational Creditor) against LIFELINE MEDICAL RESEARCH & CANCER INSTITUTE (Corporate Debtor) for failing to pay an operational debt. The Operational Creditor supplied medicines to the Corporate Debtor, who allegedly failed to pay the outstanding amount. The Corporate Debtor was given several chances to defend the claim of the Operational Creditor.
DIPY ENTERPRISE (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against LIFELINE MEDICAL RESEARCH & CANCER INSTITUTE (Corporate Debtor) for non-payment of operational debt. The Operational Creditor supplied medicines to the Corporate Debtor based on 'medicine slips' which served as purchase orders. The Operational Creditor claimed that the Corporate Debtor owed Rs. 1,04,71,741/-. The Corporate Debtor acknowledged the receipt of medicines. The Operational Creditor submitted invoices as part of the application. The Corporate Debtor did not reply to the Section 8 notice issued by the Operational Creditor. The Corporate Debtor received payment from the Health Department, Government of West Bengal under the
…Sign in to view the parties.
The applicant issued a legal notice calling…
The Operational Creditor filed a commercial…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, by DIPY ENTERPRISE (Operational Creditor) against LIFELINE MEDICAL RESEARCH & CANCER INSTITUTE (Corporate Debtor) for failing to pay an operational debt. The Operational Creditor supplied medicines to the Corporate Debtor, who allegedly failed to pay the outstanding amount. The Corporate Debtor was given several chances to defend the claim of the Operational Creditor.
DIPY ENTERPRISE (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against LIFELINE MEDICAL RESEARCH & CANCER INSTITUTE (Corporate Debtor) for non-payment of operational debt. The Operational Creditor supplied medicines to the Corporate Debtor based on 'medicine slips' which served as purchase orders. The Operational Creditor claimed that the Corporate Debtor owed Rs. 1,04,71,741/-. The Corporate Debtor acknowledged the receipt of medicines. The Operational Creditor submitted invoices as part of the application. The Corporate Debtor did not reply to the Section 8 notice issued by the Operational Creditor. The Corporate Debtor received payment from the Health Department, Government of West Bengal under the
…The applicant issued a legal notice calling…
The Operational Creditor filed a commercial…