The case involves a petition filed by Vijay Kumar Attri, an operational creditor, against Bamandanga Tea Estates Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed a default amount of Rs. 1,12,99,733/-, including principal and interest, for the supply of agrochemical products. The corporate debtor contested the petition, arguing that the claim was time-barred and that the products supplied were of substandard quality.
Vijay Kumar Attri, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Bamandanga Tea Estates Private Limited, the corporate debtor, claiming a default of Rs. 1,12,99,733/-. This amount included a principal of Rs. 1,02,26,032/- and interest of Rs. 10,73,733/-. The operational creditor had been supplying agrochemical products to the corporate debtor since March 18, 2015. A statutory demand notice was served on October 18, 2022, demanding the outstanding amount, which was received by the corporate debtor on October 19, 2022, but no reply was issued. The corporate debtor argued that the claim was time-barred, pertaining to the financial years 2015-16 to 2019-20, and that the products supplied were of substandard
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Operational Creditor…
Outstanding su…
The case involves a petition filed by Vijay Kumar Attri, an operational creditor, against Bamandanga Tea Estates Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed a default amount of Rs. 1,12,99,733/-, including principal and interest, for the supply of agrochemical products. The corporate debtor contested the petition, arguing that the claim was time-barred and that the products supplied were of substandard quality.
Vijay Kumar Attri, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Bamandanga Tea Estates Private Limited, the corporate debtor, claiming a default of Rs. 1,12,99,733/-. This amount included a principal of Rs. 1,02,26,032/- and interest of Rs. 10,73,733/-. The operational creditor had been supplying agrochemical products to the corporate debtor since March 18, 2015. A statutory demand notice was served on October 18, 2022, demanding the outstanding amount, which was received by the corporate debtor on October 19, 2022, but no reply was issued. The corporate debtor argued that the claim was time-barred, pertaining to the financial years 2015-16 to 2019-20, and that the products supplied were of substandard
…Operational Creditor…
Outstanding su…