The case involves an application filed by Jesons Industries Limited, claiming to be an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Axiom Polypack Private Limited, the Corporate Debtor. Jesons Industries claimed that Axiom Polypack had not paid its outstanding dues for goods supplied as per specifications, despite repeated assurances. The debt fell due on 19.11.2015 when the invoice was issued. Jesons Industries issued multiple demand notices to Axiom Polypack.
Jesons Industries Limited, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Axiom Polypack Private Limited, the Corporate Debtor. Jesons Industries claimed that Axiom Polypack failed to pay outstanding dues for goods supplied as per specifications. The last invoice was issued on 19.11.2015. The Corporate Debtor provided a confirmation and acknowledgement through Form C under the Central Sales Tax Act, 1956, on 10.10.2016, admitting receipt of goods and debt. Jesons Industries issued demand notices on 21.07.2018, 31.01.2019, and 20.05.2019, demanding Rs. 5,42,566/- along with interest. The Operational Creditor claimed a total of Rs. 5,13,079/- in
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Jesons Industries issued the last invoice to…
Axiom Polypack provided confirmation and…
The case involves an application filed by Jesons Industries Limited, claiming to be an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Axiom Polypack Private Limited, the Corporate Debtor. Jesons Industries claimed that Axiom Polypack had not paid its outstanding dues for goods supplied as per specifications, despite repeated assurances. The debt fell due on 19.11.2015 when the invoice was issued. Jesons Industries issued multiple demand notices to Axiom Polypack.
Jesons Industries Limited, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Axiom Polypack Private Limited, the Corporate Debtor. Jesons Industries claimed that Axiom Polypack failed to pay outstanding dues for goods supplied as per specifications. The last invoice was issued on 19.11.2015. The Corporate Debtor provided a confirmation and acknowledgement through Form C under the Central Sales Tax Act, 1956, on 10.10.2016, admitting receipt of goods and debt. Jesons Industries issued demand notices on 21.07.2018, 31.01.2019, and 20.05.2019, demanding Rs. 5,42,566/- along with interest. The Operational Creditor claimed a total of Rs. 5,13,079/- in
…Jesons Industries issued the last invoice to…
Axiom Polypack provided confirmation and…