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. against duly raised invoices and corresponding e-way bills.
The outstanding balance as on 31.03.2024 was ₹2,20,41,983/-.
The Applicant served a demand notice dated 12.10.2024, which was received by the Respondent on 21.10.2024.
The Respondent, in its reply dated 11.11.2024, admitted its liability and requested additional time for payment.
The Applicant filed affidavits under Sections 9(3)(b) and 9(3)(c) of the Code confirming that no notice of dispute was received prior to the demand notice and that no payment was made thereafter.
The last payment from the Respondent was received on 07.10.2023, and the Application was filed on 29.03.2025.
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Applicant issued a demand notice in Form 3…
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. against duly raised invoices and corresponding e-way bills.
The outstanding balance as on 31.03.2024 was ₹2,20,41,983/-.
The Applicant served a demand notice dated 12.10.2024, which was received by the Respondent on 21.10.2024.
The Respondent, in its reply dated 11.11.2024, admitted its liability and requested additional time for payment.
The Applicant filed affidavits under Sections 9(3)(b) and 9(3)(c) of the Code confirming that no notice of dispute was received prior to the demand notice and that no payment was made thereafter.
The last payment from the Respondent was received on 07.10.2023, and the Application was filed on 29.03.2025.
…Applicant issued a demand notice in Form 3…
Respondent rece…