High Ground Enterprise Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Sendoz Implex Limited, alleging default in payment for services rendered. The Operational Creditor (High Ground Enterprise Limited) claimed that Sendoz Implex Limited defaulted on invoices amounting to Rs. 6,73,14,434, which accumulated as of January 29, 2019. The Operational Creditor issued a demand notice dated April 27, 2022, under Section 8 of the I&B Code. The Corporate Debtor (Sendoz Implex Limited) contended that there were pre-existing disputes regarding the services rendered and had raised debit notes on the Operational Creditor. The Corporate Debtor also argued that the application was barred by limitation.
High Ground Enterprise Limited (Operational Creditor) filed an application against Sendoz Implex Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming a default of Rs. 11,75,33,839, which included a principal amount of Rs. 6,73,14,434 and interest of Rs. 5,02,19,405. The Operational Creditor alleged that invoices were raised from April 2017 to February 2019, and the last payment was made on June 20, 2019. The Corporate Debtor contended that there were pre-existing disputes regarding the services rendered and had raised debit notes for Rs. 7,18,85,288. The Corporate Debtor also claimed that payments were made on an ad-hoc basis and not invoice-to-invoice. The Operational Creditor issued a demand notice on April 27, 2022, under
…Sign in to view the parties.
Corresponding invoices against services…
The Corporate Debtor started defaulting and…
High Ground Enterprise Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Sendoz Implex Limited, alleging default in payment for services rendered. The Operational Creditor (High Ground Enterprise Limited) claimed that Sendoz Implex Limited defaulted on invoices amounting to Rs. 6,73,14,434, which accumulated as of January 29, 2019. The Operational Creditor issued a demand notice dated April 27, 2022, under Section 8 of the I&B Code. The Corporate Debtor (Sendoz Implex Limited) contended that there were pre-existing disputes regarding the services rendered and had raised debit notes on the Operational Creditor. The Corporate Debtor also argued that the application was barred by limitation.
High Ground Enterprise Limited (Operational Creditor) filed an application against Sendoz Implex Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming a default of Rs. 11,75,33,839, which included a principal amount of Rs. 6,73,14,434 and interest of Rs. 5,02,19,405. The Operational Creditor alleged that invoices were raised from April 2017 to February 2019, and the last payment was made on June 20, 2019. The Corporate Debtor contended that there were pre-existing disputes regarding the services rendered and had raised debit notes for Rs. 7,18,85,288. The Corporate Debtor also claimed that payments were made on an ad-hoc basis and not invoice-to-invoice. The Operational Creditor issued a demand notice on April 27, 2022, under
…Corresponding invoices against services…
The Corporate Debtor started defaulting and…