Burdwan Kraft Board LLP, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Narayani Packaging Private Limited, the Corporate Debtor, for non-payment of an operational debt amounting to Rs. 1,61,71,301/-.
The Operational Creditor, Burdwan Kraft Board LLP, supplied kraft papers to the Corporate Debtor, Narayani Packaging Private Limited, from July 22, 2023, to November 3, 2023.
The total value of goods supplied was Rs. 3,09,45,989/-.
The Corporate Debtor made payments amounting to Rs. 1,62,37,638/- between September 1, 2023, and March 30, 2024.
An amount of Rs. 1,47,08,351/- remained due and payable by the Corporate Debtor.
The Operational Creditor sent a demand notice under the IBC, 2016, dated June 24, 2024, which was duly received by the Corporate Debtor.
The Corporate Debtor alleged supply of inferior quality products in its reply dated July 8, 2024, but failed to provide any particulars or elaboration.
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Operational Creditor…
Corporate Debtor made payments to the…
Burdwan Kraft Board LLP, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Narayani Packaging Private Limited, the Corporate Debtor, for non-payment of an operational debt amounting to Rs. 1,61,71,301/-.
The Operational Creditor, Burdwan Kraft Board LLP, supplied kraft papers to the Corporate Debtor, Narayani Packaging Private Limited, from July 22, 2023, to November 3, 2023.
The total value of goods supplied was Rs. 3,09,45,989/-.
The Corporate Debtor made payments amounting to Rs. 1,62,37,638/- between September 1, 2023, and March 30, 2024.
An amount of Rs. 1,47,08,351/- remained due and payable by the Corporate Debtor.
The Operational Creditor sent a demand notice under the IBC, 2016, dated June 24, 2024, which was duly received by the Corporate Debtor.
The Corporate Debtor alleged supply of inferior quality products in its reply dated July 8, 2024, but failed to provide any particulars or elaboration.
…Operational Creditor…
Corporate Debtor made payments to the…