Kepuce Footwear Private Limited, the Operational Creditor/Applicant, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) to initiate Corporate Insolvency Resolution Process (CIRP) against Cosmic Export Solutions (India) Private Limited, the Corporate Debtor. The Operational Creditor claimed a debt of Rs. 2,20,79,119/- with a default date of 07.06.2018. The Corporate Debtor contested the application, citing that the Operational Creditor was struck off from the Register of Companies and that a settlement agreement existed between the parties. The Corporate Debtor also alleged defects in the goods supplied and a police complaint against the directors of the Operational Creditor.
Kepuce Footwear Private Limited (Operational Creditor) filed an application under Section 9 of the I&B Code to initiate CIRP against Cosmic Export Solutions (India) Private Limited (Corporate Debtor). The Operational Creditor claimed a debt of Rs. 2,20,79,119/- with a default date of 07.06.2018. The Corporate Debtor purchased footwear from the Operational Creditor since 2016. The Corporate Debtor made a last payment of Rs. 5,00,000/- on 07.06.2018. The Operational Creditor sent demand notices on 24.04.2021 and 27.12.2021. The Corporate Debtor claimed the goods supplied were defective and that a settlement agreement dated 24.02.2018 existed, which the Operational Creditor denied, stating it was forged. The Corporate Debtor also filed a police complaint against the
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Sanjay Kumar Singh was an employee of the…
Supplies made…
Kepuce Footwear Private Limited, the Operational Creditor/Applicant, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) to initiate Corporate Insolvency Resolution Process (CIRP) against Cosmic Export Solutions (India) Private Limited, the Corporate Debtor. The Operational Creditor claimed a debt of Rs. 2,20,79,119/- with a default date of 07.06.2018. The Corporate Debtor contested the application, citing that the Operational Creditor was struck off from the Register of Companies and that a settlement agreement existed between the parties. The Corporate Debtor also alleged defects in the goods supplied and a police complaint against the directors of the Operational Creditor.
Kepuce Footwear Private Limited (Operational Creditor) filed an application under Section 9 of the I&B Code to initiate CIRP against Cosmic Export Solutions (India) Private Limited (Corporate Debtor). The Operational Creditor claimed a debt of Rs. 2,20,79,119/- with a default date of 07.06.2018. The Corporate Debtor purchased footwear from the Operational Creditor since 2016. The Corporate Debtor made a last payment of Rs. 5,00,000/- on 07.06.2018. The Operational Creditor sent demand notices on 24.04.2021 and 27.12.2021. The Corporate Debtor claimed the goods supplied were defective and that a settlement agreement dated 24.02.2018 existed, which the Operational Creditor denied, stating it was forged. The Corporate Debtor also filed a police complaint against the
…Sanjay Kumar Singh was an employee of the…
Supplies made…