INSIGHT PRINT COMMUNICATIONS PRIVATE LIMITED filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against CLOTHWARI PRINTING PRIVATE LIMITED due to a default of Rs. 3,07,44,284/-.
INSIGHT PRINT COMMUNICATIONS PRIVATE LIMITED (Operational Creditor) filed an application under Section 9 of the IBC against CLOTHWARI PRINTING PRIVATE LIMITED (Corporate Debtor).
The alleged default amount is Rs. 3,07,44,284/-, calculated till 28.09.2022.
The Corporate Debtor issued a purchase order on 21.11.2019 for the purchase of an Ario print Digital Textile printer.
The Operational Creditor supplied the printer and raised an invoice on 21.11.2019 for Rs. 3,12,44,282/-.
The Corporate Debtor made a part payment of Rs. 5,00,000/- on 28.09.2022.
The Corporate Debtor claimed the application was time-barred and that there was a pre-existing dispute regarding the printer's functionality.
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Corporate Debtor issued…
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INSIGHT PRINT COMMUNICATIONS PRIVATE LIMITED filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against CLOTHWARI PRINTING PRIVATE LIMITED due to a default of Rs. 3,07,44,284/-.
INSIGHT PRINT COMMUNICATIONS PRIVATE LIMITED (Operational Creditor) filed an application under Section 9 of the IBC against CLOTHWARI PRINTING PRIVATE LIMITED (Corporate Debtor).
The alleged default amount is Rs. 3,07,44,284/-, calculated till 28.09.2022.
The Corporate Debtor issued a purchase order on 21.11.2019 for the purchase of an Ario print Digital Textile printer.
The Operational Creditor supplied the printer and raised an invoice on 21.11.2019 for Rs. 3,12,44,282/-.
The Corporate Debtor made a part payment of Rs. 5,00,000/- on 28.09.2022.
The Corporate Debtor claimed the application was time-barred and that there was a pre-existing dispute regarding the printer's functionality.
…Corporate Debtor issued…
Operational Creditor…