Indrani Saha, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against BK Podder Printing Private Limited, the corporate debtor, for unpaid invoices. The operational creditor claimed a total amount of ₹58,78,873/- plus interest @18% from 31.08.2019, with the date of default being 05.03.2018. The corporate debtor disputed the claim, alleging pre-existing disputes regarding the quantity/weight of goods supplied, excess rates, and non-furnishing of original challans.
Indrani Saha, operating as International Paper Concern, supplied paper to BK Podder Printing Private Limited. Invoices were raised, and the corporate debtor allegedly failed to make payments within the agreed-upon timeframe, leading to interest accrual. The operational creditor claimed ₹58,78,873/- plus interest from 31.08.2019, with the default date being 05.03.2018. A demand notice was issued on 07.11.2019 and served via post and email. The corporate debtor claimed the postal demand notice was returned undelivered. The corporate debtor disputed the claim, alleging short supply of goods, excess rates, and issues with original challans, raising these disputes in letters and emails dating back to 01.10.2018. The corporate debtor also claimed to have made payments
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Corporate Debto…
Corporate Debto…
Indrani Saha, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against BK Podder Printing Private Limited, the corporate debtor, for unpaid invoices. The operational creditor claimed a total amount of ₹58,78,873/- plus interest @18% from 31.08.2019, with the date of default being 05.03.2018. The corporate debtor disputed the claim, alleging pre-existing disputes regarding the quantity/weight of goods supplied, excess rates, and non-furnishing of original challans.
Indrani Saha, operating as International Paper Concern, supplied paper to BK Podder Printing Private Limited. Invoices were raised, and the corporate debtor allegedly failed to make payments within the agreed-upon timeframe, leading to interest accrual. The operational creditor claimed ₹58,78,873/- plus interest from 31.08.2019, with the default date being 05.03.2018. A demand notice was issued on 07.11.2019 and served via post and email. The corporate debtor claimed the postal demand notice was returned undelivered. The corporate debtor disputed the claim, alleging short supply of goods, excess rates, and issues with original challans, raising these disputes in letters and emails dating back to 01.10.2018. The corporate debtor also claimed to have made payments
…Corporate Debto…
Corporate Debto…