M/s. R.J. Packwells Pvt. Ltd., the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Maurya Printers Pvt. Ltd., the Corporate Debtor, due to a default in payment of an outstanding amount of ₹2,20,241,983/-.
M/s. R.J. Packwells Pvt. Ltd. supplied goods to M/s. Maurya Printers Pvt. Ltd.
The outstanding amount claimed by the Applicant is ₹2,20,241,983/-.
The Applicant served a demand notice dated 12.10.2024 to the Respondent.
The Respondent admitted its liability in a reply dated 11.11.2024.
The Respondent claimed the existence of a pre-existing dispute regarding the quality of goods supplied.
The Respondent relied on an arbitration clause contained in the supply agreement.
The last payment from the Respondent was received on 07.10.2023 and the present Application was filed on 29.03.2025.
The reconciled accounts as on 31.03.2023 and 31.03.2024 reflect outstanding amounts of ₹2,31,26,983/- and ₹2,20,41,983/- respectively.
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Applicant issued a…
Respondent rece…
M/s. R.J. Packwells Pvt. Ltd., the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Maurya Printers Pvt. Ltd., the Corporate Debtor, due to a default in payment of an outstanding amount of ₹2,20,241,983/-.
M/s. R.J. Packwells Pvt. Ltd. supplied goods to M/s. Maurya Printers Pvt. Ltd.
The outstanding amount claimed by the Applicant is ₹2,20,241,983/-.
The Applicant served a demand notice dated 12.10.2024 to the Respondent.
The Respondent admitted its liability in a reply dated 11.11.2024.
The Respondent claimed the existence of a pre-existing dispute regarding the quality of goods supplied.
The Respondent relied on an arbitration clause contained in the supply agreement.
The last payment from the Respondent was received on 07.10.2023 and the present Application was filed on 29.03.2025.
The reconciled accounts as on 31.03.2023 and 31.03.2024 reflect outstanding amounts of ₹2,31,26,983/- and ₹2,20,41,983/- respectively.
Applicant issued a…
Respondent rece…