Printofab, an 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 Gopish Pharma Limited, the respondent. Printofab claimed that Gopish Pharma Limited defaulted on payments for printed packaging material supplied between November 2015 and February 2017. The total debt was Rs. 9,45,490/-.
Printofab, the applicant and operational creditor, is a manufacturer and supplier of printed packaging material. Gopish Pharma Limited, the respondent and corporate debtor, approached Printofab for printed packaging material for medicines in 2015. Between November 2015 and February 2017, Printofab supplied material worth Rs. 38,92,287/- to Gopish Pharma Limited. Gopish Pharma Limited made partial payments totaling Rs. 29,46,497/-, with the last payment of Rs. 30,000/- made on 15.12.2017. An outstanding debt of Rs. 9,45,490/- remained. Printofab sent a demand notice dated 14.10.2019, which was undelivered, and also sent it via email on 15.10.2019. The invoices were not annexed to the demand notice or the application. Gopish Pharma Limited admitted to the debt via email
…Sign in to view the parties.
Gopish Pharma Limited approached Printofab for…
From November 2015,…
Printofab, an 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 Gopish Pharma Limited, the respondent. Printofab claimed that Gopish Pharma Limited defaulted on payments for printed packaging material supplied between November 2015 and February 2017. The total debt was Rs. 9,45,490/-.
Printofab, the applicant and operational creditor, is a manufacturer and supplier of printed packaging material. Gopish Pharma Limited, the respondent and corporate debtor, approached Printofab for printed packaging material for medicines in 2015. Between November 2015 and February 2017, Printofab supplied material worth Rs. 38,92,287/- to Gopish Pharma Limited. Gopish Pharma Limited made partial payments totaling Rs. 29,46,497/-, with the last payment of Rs. 30,000/- made on 15.12.2017. An outstanding debt of Rs. 9,45,490/- remained. Printofab sent a demand notice dated 14.10.2019, which was undelivered, and also sent it via email on 15.10.2019. The invoices were not annexed to the demand notice or the application. Gopish Pharma Limited admitted to the debt via email
…Gopish Pharma Limited approached Printofab for…
From November 2015,…