Voxtur Bio. Ltd. filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Rexel India Pvt Ltd, claiming an operational debt of Rs. 1,63,94,658/- along with interest. Voxtur Bio. Ltd. claimed to have supplied Covid-19 Antibody based Rapid Test kits, VTM Viral Transport Medium & Covid-19 Antigen based Rapid Test kits to Rexel India Pvt Ltd. A demand notice was issued on 24.06.2022, which Rexel India Pvt Ltd replied to on 07.07.2022, raising the issue of defective Covid-19 Antigen based Rapid Test kits.
Voxtur Bio. Ltd. (Operational Creditor) filed a petition against Rexel India Pvt Ltd (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming an operational debt of Rs. 1,63,94,658/-. Voxtur Bio. Ltd. supplied Covid-19 Antibody based Rapid Test kits, VTM Viral Transport Medium & Covid-19 Antigen based Rapid Test kits to Rexel India Pvt Ltd. A demand notice was issued by Voxtur Bio. Ltd. on 24.06.2022. Rexel India Pvt Ltd responded on 07.07.2022, claiming the kits were defective and rejected by their client, UPMSCL. Rexel India Pvt Ltd provided evidence that Voxtur Bio. Ltd. was informed of the defective kits prior to the demand notice. The payment terms agreed upon were 50% advance and balance on receipt of payment from their
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Voxtur Bio. Ltd. issued a demand notice to…
Rexel India Pvt Ltd replied to the demand…
Voxtur Bio. Ltd. filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Rexel India Pvt Ltd, claiming an operational debt of Rs. 1,63,94,658/- along with interest. Voxtur Bio. Ltd. claimed to have supplied Covid-19 Antibody based Rapid Test kits, VTM Viral Transport Medium & Covid-19 Antigen based Rapid Test kits to Rexel India Pvt Ltd. A demand notice was issued on 24.06.2022, which Rexel India Pvt Ltd replied to on 07.07.2022, raising the issue of defective Covid-19 Antigen based Rapid Test kits.
Voxtur Bio. Ltd. (Operational Creditor) filed a petition against Rexel India Pvt Ltd (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming an operational debt of Rs. 1,63,94,658/-. Voxtur Bio. Ltd. supplied Covid-19 Antibody based Rapid Test kits, VTM Viral Transport Medium & Covid-19 Antigen based Rapid Test kits to Rexel India Pvt Ltd. A demand notice was issued by Voxtur Bio. Ltd. on 24.06.2022. Rexel India Pvt Ltd responded on 07.07.2022, claiming the kits were defective and rejected by their client, UPMSCL. Rexel India Pvt Ltd provided evidence that Voxtur Bio. Ltd. was informed of the defective kits prior to the demand notice. The payment terms agreed upon were 50% advance and balance on receipt of payment from their
…Voxtur Bio. Ltd. issued a demand notice to…
Rexel India Pvt Ltd replied to the demand…