The case involves a petition filed by Mr. Amit Mittal, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Krupay Tradepipes Pvt. Ltd., the Corporate Debtor. The Operational Creditor claims a debt of Rs. 27,45,593/- for unpaid invoices related to the supply of steel materials. The Corporate Debtor opposed the petition, citing a pre-existing dispute and claiming non-receipt of goods. The Operational Creditor filed a rejoinder, asserting that the goods were delivered and that the Corporate Debtor had availed benefits from the Excise Department, confirming receipt of the goods.
Mr. Amit Mittal, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Krupay Tradepipes Pvt. Ltd., the Corporate Debtor, claiming a debt of Rs. 27,45,593/- for unpaid invoices related to the supply of steel materials. The Operational Creditor is a sole proprietor of M/s Shyam Udhyog and is involved in supplying steel materials. The Corporate Debtor placed orders for steel materials between 29.02.2016 and 06.03.2016, totaling Rs. 32,68,948/-. The Corporate Debtor made a payment of Rs. 5,23,355/- on 30.03.2016 towards one invoice. The Corporate Debtor issued cheques for Rs. 8,00,000/- on 29.04.2016 and two cheques for Rs. 8,00,000/- each on 17.12.2016, which were dishonored. The Operational Creditor issued a
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The case involves a petition filed by Mr. Amit Mittal, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Krupay Tradepipes Pvt. Ltd., the Corporate Debtor. The Operational Creditor claims a debt of Rs. 27,45,593/- for unpaid invoices related to the supply of steel materials. The Corporate Debtor opposed the petition, citing a pre-existing dispute and claiming non-receipt of goods. The Operational Creditor filed a rejoinder, asserting that the goods were delivered and that the Corporate Debtor had availed benefits from the Excise Department, confirming receipt of the goods.
Mr. Amit Mittal, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Krupay Tradepipes Pvt. Ltd., the Corporate Debtor, claiming a debt of Rs. 27,45,593/- for unpaid invoices related to the supply of steel materials. The Operational Creditor is a sole proprietor of M/s Shyam Udhyog and is involved in supplying steel materials. The Corporate Debtor placed orders for steel materials between 29.02.2016 and 06.03.2016, totaling Rs. 32,68,948/-. The Corporate Debtor made a payment of Rs. 5,23,355/- on 30.03.2016 towards one invoice. The Corporate Debtor issued cheques for Rs. 8,00,000/- on 29.04.2016 and two cheques for Rs. 8,00,000/- each on 17.12.2016, which were dishonored. The Operational Creditor issued a
…Corporate Debtor placed order to the…
Corporate Debtor placed order to the…
Sign in to view related legal provisions.