The case involves an application filed by M/S Pattabi Enterprises, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/S Srikanth International Private Limited, the corporate debtor. The operational creditor claimed unpaid dues for packaging materials supplied to the corporate debtor for its seafood export business. The corporate debtor contested the application, alleging pre-existing disputes regarding the quality of goods supplied and raising concerns about fictitious invoices.
M/S Pattabi Enterprises, a partnership firm, is engaged in the business of printing boxes, lamination boxes, packaging material, and other allied activities. M/S Srikanth International Private Limited is a private limited company engaged in the wholesale business of seafood products. To export seafood products, the Corporate Debtor availed services of the Operational Creditor for packaging materials. The commercial understanding between the parties was as per the quotation provided by the Operational Creditor, after which goods were supplied and invoices were raised. The Operational Creditor claimed that every invoice raised till date has been accepted by the Corporate Debtor, without any dispute. The Operational Creditor credited GST in the account of the Corporate
…Sign in to view the parties.
Operational Creditor issued a statutory…
Corporate Debtor replied to the demand notice,…
The case involves an application filed by M/S Pattabi Enterprises, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/S Srikanth International Private Limited, the corporate debtor. The operational creditor claimed unpaid dues for packaging materials supplied to the corporate debtor for its seafood export business. The corporate debtor contested the application, alleging pre-existing disputes regarding the quality of goods supplied and raising concerns about fictitious invoices.
M/S Pattabi Enterprises, a partnership firm, is engaged in the business of printing boxes, lamination boxes, packaging material, and other allied activities. M/S Srikanth International Private Limited is a private limited company engaged in the wholesale business of seafood products. To export seafood products, the Corporate Debtor availed services of the Operational Creditor for packaging materials. The commercial understanding between the parties was as per the quotation provided by the Operational Creditor, after which goods were supplied and invoices were raised. The Operational Creditor claimed that every invoice raised till date has been accepted by the Corporate Debtor, without any dispute. The Operational Creditor credited GST in the account of the Corporate
…Operational Creditor issued a statutory…
Corporate Debtor replied to the demand notice,…