Sunrise Global Tradelinks, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Baggit India Private Limited, the corporate debtor, due to unpaid operational debt.
Sunrise Global Tradelinks, the Operational Creditor, filed an application under Section 9 of the IBC to initiate CIRP against Baggit India Private Limited.
The Operational Creditor claimed a total amount of Rs. 1,11,84,020/- as of May 2, 2025, based on four purchase orders.
The Corporate Debtor acknowledged receiving the invoices but claimed that goods worth Rs. 11,94,845/- were defective.
The Corporate Debtor issued a letter dated 11th August 2025, after the filing of the application, claiming defective goods and stating intent to issue debit notes.
The Operational Creditor issued a demand notice under Section 8 of the IBC, which was served on the Corporate Debtor.
The date of default is mentioned as 02.05.2025.
The application was filed on 31st July, 2025.
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Purchase Orders were…
Invoices were r…
Sunrise Global Tradelinks, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Baggit India Private Limited, the corporate debtor, due to unpaid operational debt.
Sunrise Global Tradelinks, the Operational Creditor, filed an application under Section 9 of the IBC to initiate CIRP against Baggit India Private Limited.
The Operational Creditor claimed a total amount of Rs. 1,11,84,020/- as of May 2, 2025, based on four purchase orders.
The Corporate Debtor acknowledged receiving the invoices but claimed that goods worth Rs. 11,94,845/- were defective.
The Corporate Debtor issued a letter dated 11th August 2025, after the filing of the application, claiming defective goods and stating intent to issue debit notes.
The Operational Creditor issued a demand notice under Section 8 of the IBC, which was served on the Corporate Debtor.
The date of default is mentioned as 02.05.2025.
The application was filed on 31st July, 2025.
…Purchase Orders were…
Invoices were r…