This case involves a Section 9 application under the Insolvency and Bankruptcy Code, 2016, filed by Omni Distributors (Operational Creditor) against Compack Enterprise India Private Limited (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a total debt of Rs. 34,72,606/-, including principal and interest, arising from the supply of Metalized Polyester Films and Thermal Lamination Films. The Corporate Debtor contested the application, alleging disputes regarding the quality of goods supplied, forgery of documents, and the existence of a prior settlement. The Operational Creditor claimed that the Corporate Debtor committed forgery with illicit intention to attain financial gain, used counterfeit
…Omni Distributors (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Compack Enterprise India Private Limited (Corporate Debtor), claiming a debt of Rs. 34,72,606/-. The debt arose from the supply of Metalized Polyester Films and Thermal Lamination Films. The Operational Creditor issued invoices between 02.02.2019 and 19.04.2019. The Corporate Debtor defaulted on payments, leading the Operational Creditor to issue a demand notice in Form 3 under Section 8 of the IBC, 2016. The Corporate Debtor replied to the demand notice, claiming disputes regarding the quality of goods. The Corporate Debtor sent a cheque for Rs. 4,35,189/- along with its reply, which the Operational Creditor returned. The Corporate Debtor
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This case involves a Section 9 application under the Insolvency and Bankruptcy Code, 2016, filed by Omni Distributors (Operational Creditor) against Compack Enterprise India Private Limited (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a total debt of Rs. 34,72,606/-, including principal and interest, arising from the supply of Metalized Polyester Films and Thermal Lamination Films. The Corporate Debtor contested the application, alleging disputes regarding the quality of goods supplied, forgery of documents, and the existence of a prior settlement. The Operational Creditor claimed that the Corporate Debtor committed forgery with illicit intention to attain financial gain, used counterfeit
…Omni Distributors (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Compack Enterprise India Private Limited (Corporate Debtor), claiming a debt of Rs. 34,72,606/-. The debt arose from the supply of Metalized Polyester Films and Thermal Lamination Films. The Operational Creditor issued invoices between 02.02.2019 and 19.04.2019. The Corporate Debtor defaulted on payments, leading the Operational Creditor to issue a demand notice in Form 3 under Section 8 of the IBC, 2016. The Corporate Debtor replied to the demand notice, claiming disputes regarding the quality of goods. The Corporate Debtor sent a cheque for Rs. 4,35,189/- along with its reply, which the Operational Creditor returned. The Corporate Debtor
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The last date of…