M/s Saarthak Vanijya India Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against M/s International Print-O-Pac Limited (Corporate Debtor). The application was based on an unpaid operational debt of Rs. 7,29,27,564/- for the supply of printing paper. The Corporate Debtor contested the application, primarily on grounds of limitation and the existence of a pre-existing dispute.
M/s Saarthak Vanijya India Pvt. Ltd. (Applicant/Operational Creditor) filed an application under Section 9 of the IBC, 2016.
The application seeks initiation of CIRP against M/s International Print-O-Pac Limited (Respondent/Corporate Debtor).
The Corporate Debtor failed to make payment of a total sum of Rs. 7,29,27,564/-.
A demand notice dated 24.02.2025 under Section 8 of the Code was served on the Corporate Debtor.
The Corporate Debtor was incorporated on 11.12.1981 under the Companies Act, 1956, with its registered office in New Delhi.
The Applicant and Corporate Debtor were engaged in business transactions for the supply of printing paper since July 2015.
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Applicant and Corporate Debtor began business…
Corporate Debtor…
M/s Saarthak Vanijya India Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against M/s International Print-O-Pac Limited (Corporate Debtor). The application was based on an unpaid operational debt of Rs. 7,29,27,564/- for the supply of printing paper. The Corporate Debtor contested the application, primarily on grounds of limitation and the existence of a pre-existing dispute.
M/s Saarthak Vanijya India Pvt. Ltd. (Applicant/Operational Creditor) filed an application under Section 9 of the IBC, 2016.
The application seeks initiation of CIRP against M/s International Print-O-Pac Limited (Respondent/Corporate Debtor).
The Corporate Debtor failed to make payment of a total sum of Rs. 7,29,27,564/-.
A demand notice dated 24.02.2025 under Section 8 of the Code was served on the Corporate Debtor.
The Corporate Debtor was incorporated on 11.12.1981 under the Companies Act, 1956, with its registered office in New Delhi.
The Applicant and Corporate Debtor were engaged in business transactions for the supply of printing paper since July 2015.
…Applicant and Corporate Debtor began business…
Corporate Debtor…