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 of ₹2,20,241,983/- excluding interest.
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.
The Respondent argued that the application was barred by limitation.
The invoices contained an arbitration clause.
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The Applicant issued a…
The Respondent…
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 of ₹2,20,241,983/- excluding interest.
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.
The Respondent argued that the application was barred by limitation.
The invoices contained an arbitration clause.
The Applicant issued a…
The Respondent…