The case involves an application filed by Sri Saravana Mills Private Limited, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Sakthi Ganesh Textiles Private Limited, the Corporate Debtor. The Operational Creditor claimed a sum of Rs. 6,00,001/- was due and payable by the Corporate Debtor, with the date of default mentioned as 02.08.2018. The Corporate Debtor disputed the claim, alleging that a credit note was issued for the amount. The Operational Creditor denied issuing any such credit note and claimed that the documents presented by the Corporate Debtor were fabricated.
Sri Saravana Mills Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Sakthi Ganesh Textiles Private Limited (Corporate Debtor) for a debt of Rs. 6,00,001/- with a default date of 02.08.2018. The Operational Creditor claimed to have issued a demand notice on 27.06.2019, received by the Corporate Debtor on 29.06.2019. The Corporate Debtor responded on 01.07.2019, asserting a credit note dated 06.07.2018 had been issued by the Operational Creditor's Deputy General Manager. The Operational Creditor refuted this, stating the credit note and balance confirmation were fabricated and no such position as 'Deputy General Manager' existed. The Operational Creditor's letter dated
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The Operational…
The Operational Creditor issued a Demand…
The case involves an application filed by Sri Saravana Mills Private Limited, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Sakthi Ganesh Textiles Private Limited, the Corporate Debtor. The Operational Creditor claimed a sum of Rs. 6,00,001/- was due and payable by the Corporate Debtor, with the date of default mentioned as 02.08.2018. The Corporate Debtor disputed the claim, alleging that a credit note was issued for the amount. The Operational Creditor denied issuing any such credit note and claimed that the documents presented by the Corporate Debtor were fabricated.
Sri Saravana Mills Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Sakthi Ganesh Textiles Private Limited (Corporate Debtor) for a debt of Rs. 6,00,001/- with a default date of 02.08.2018. The Operational Creditor claimed to have issued a demand notice on 27.06.2019, received by the Corporate Debtor on 29.06.2019. The Corporate Debtor responded on 01.07.2019, asserting a credit note dated 06.07.2018 had been issued by the Operational Creditor's Deputy General Manager. The Operational Creditor refuted this, stating the credit note and balance confirmation were fabricated and no such position as 'Deputy General Manager' existed. The Operational Creditor's letter dated
…The Operational…
The Operational Creditor issued a Demand…