Real Link Engineering India Private Limited (Operational Creditor) filed an application under Section 9 of the I&B Code against L&T Valves Limited (Corporate Debtor).

The Operational Creditor claimed a total outstanding of Rs. 1,18,57,274/-.

The Corporate Debtor argued that there was a pre-existing dispute regarding the quality of goods supplied.

The Corporate Debtor issued debit notes for substandard material provided by the Operational Creditor.

The Operational Creditor supplied 132 nos. of rough castings after inspection by the inspector appointed by the Corporate Debtor.

The Corporate Debtor admitted liability in its website portal up to Rs.31,01,323/- and a further sum of Rs.87,55,951/- in the form of Debit Notes, appearing in the GST Portal.

Real Link Engineering India Private Limited (Operational Creditor) filed an application under Section 9 of the I&B Code against L&T Valves Limited (Corporate Debtor).

The Operational Creditor claimed a total outstanding of Rs. 1,18,57,274/-.

The Corporate Debtor argued that there was a pre-existing dispute regarding the quality of goods supplied.

The Corporate Debtor issued debit notes for substandard material provided by the Operational Creditor.

The Operational Creditor supplied 132 nos. of rough castings after inspection by the inspector appointed by the Corporate Debtor.

The Corporate Debtor admitted liability in its website portal up to Rs.31,01,323/- and a further sum of Rs.87,55,951/- in the form of Debit Notes, appearing in the GST Portal.