M/s Karni Marble and Granites, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s Khushboo Marbles Pvt. Ltd., the Corporate Debtor, due to default in repayment of an operational debt amounting to Rs. 1,24,56,119/-.
The Operational Creditor (Karni Marble and Granites) filed a petition under Section 9 of the IBC seeking initiation of CIRP against the Corporate Debtor (Khushboo Marbles Pvt. Ltd.).
The Operational Debt claimed was Rs. 1,24,56,119/- due to unpaid invoices.
The Corporate Debtor claimed that there was a pre-existing dispute regarding the quality of granite slabs supplied by the Operational Creditor.
The Corporate Debtor also argued that the Demand Notice was not validly served.
The Demand Notice dated 07.10.2024 was sent to the registered email address of the Corporate Debtor.
The last payment made by the Corporate Debtor was on 01.02.2024.
The Operational Creditor is engaged in the business of cutting and polishing granites, marbles, and stones.
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Khushboo Marbl…
Dues of the Co…
M/s Karni Marble and Granites, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s Khushboo Marbles Pvt. Ltd., the Corporate Debtor, due to default in repayment of an operational debt amounting to Rs. 1,24,56,119/-.
The Operational Creditor (Karni Marble and Granites) filed a petition under Section 9 of the IBC seeking initiation of CIRP against the Corporate Debtor (Khushboo Marbles Pvt. Ltd.).
The Operational Debt claimed was Rs. 1,24,56,119/- due to unpaid invoices.
The Corporate Debtor claimed that there was a pre-existing dispute regarding the quality of granite slabs supplied by the Operational Creditor.
The Corporate Debtor also argued that the Demand Notice was not validly served.
The Demand Notice dated 07.10.2024 was sent to the registered email address of the Corporate Debtor.
The last payment made by the Corporate Debtor was on 01.02.2024.
The Operational Creditor is engaged in the business of cutting and polishing granites, marbles, and stones.
…Khushboo Marbl…
Dues of the Co…