Ivax Paper Chemicals Limited, the Operational Creditor, filed a Company Petition seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Biltube Industries Limited, the Corporate Debtor, alleging default in payment.
Ivax Paper Chemicals Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Biltube Industries Limited.
The Operational Creditor claimed a default of Rs. 17,34,131/-.
The Corporate Debtor raised Purchase Order no. HD-1410014 dated 17.10.2014 for supply of certain goods.
Invoice no. 1410820 dated 22.10.2014 was raised for the supplied goods.
The Corporate Debtor acknowledged the outstanding dues in emails dated 10.09.2015 and 24.09.2015.
The Operational Creditor sent a Demand Notice under Form 3 dated 17.05.2018.
The Corporate Debtor denied liability in its reply dated 07.05.2019, challenging the maintainability of the petition on the basis of limitation.
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Corporate Debto…
Invoice no. 141…
Ivax Paper Chemicals Limited, the Operational Creditor, filed a Company Petition seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Biltube Industries Limited, the Corporate Debtor, alleging default in payment.
Ivax Paper Chemicals Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Biltube Industries Limited.
The Operational Creditor claimed a default of Rs. 17,34,131/-.
The Corporate Debtor raised Purchase Order no. HD-1410014 dated 17.10.2014 for supply of certain goods.
Invoice no. 1410820 dated 22.10.2014 was raised for the supplied goods.
The Corporate Debtor acknowledged the outstanding dues in emails dated 10.09.2015 and 24.09.2015.
The Operational Creditor sent a Demand Notice under Form 3 dated 17.05.2018.
The Corporate Debtor denied liability in its reply dated 07.05.2019, challenging the maintainability of the petition on the basis of limitation.
…Corporate Debto…
Invoice no. 141…