M/s Bhagwati Trading Co., an operational creditor, filed a Section 9 IBC petition against M/s. Premium Laminators Private Limited, the corporate debtor, for an unpaid operational debt of Rs. 2,67,59,096/-. The corporate debtor claimed a pre-existing dispute regarding defective goods and delayed deliveries, citing WhatsApp conversations. The operational creditor countered that the dispute was an afterthought, unsupported by evidence, and that the corporate debtor had acknowledged the debt and made part payments.
M/s Bhagwati Trading Co., an operational creditor, filed a petition under Section 9 of the IBC against M/s. Premium Laminators Private Limited, the corporate debtor.
The petition sought to initiate CIRP for an outstanding operational debt of Rs. 2,67,59,096/- along with 24% interest.
The operational creditor supplied paper to the corporate debtor and raised invoices, maintaining a current and running account.
On 31.12.2025, an amount of Rs. 2,69,75,851.12/- became due and payable by the corporate debtor.
The corporate debtor acknowledged and confirmed this outstanding amount via email dated 01.01.2026, which included its own maintained ledger account.
The operational creditor issued a demand notice under Section 8 of the Code on 12.03.2026 for the unpaid operational debt.
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An amount of Rs.…
The Corporate Debtor acknowledged and…
M/s Bhagwati Trading Co., an operational creditor, filed a Section 9 IBC petition against M/s. Premium Laminators Private Limited, the corporate debtor, for an unpaid operational debt of Rs. 2,67,59,096/-. The corporate debtor claimed a pre-existing dispute regarding defective goods and delayed deliveries, citing WhatsApp conversations. The operational creditor countered that the dispute was an afterthought, unsupported by evidence, and that the corporate debtor had acknowledged the debt and made part payments.
M/s Bhagwati Trading Co., an operational creditor, filed a petition under Section 9 of the IBC against M/s. Premium Laminators Private Limited, the corporate debtor.
The petition sought to initiate CIRP for an outstanding operational debt of Rs. 2,67,59,096/- along with 24% interest.
The operational creditor supplied paper to the corporate debtor and raised invoices, maintaining a current and running account.
On 31.12.2025, an amount of Rs. 2,69,75,851.12/- became due and payable by the corporate debtor.
The corporate debtor acknowledged and confirmed this outstanding amount via email dated 01.01.2026, which included its own maintained ledger account.
The operational creditor issued a demand notice under Section 8 of the Code on 12.03.2026 for the unpaid operational debt.
…An amount of Rs.…
The Corporate Debtor acknowledged and…