Chemical Suppliers India Private Limited (Operational Creditor) filed a Section 9 IBC application against GLS Films Industries Private Limited (Corporate Debtor) for an unpaid operational debt of ₹2,92,93,223/-. The Corporate Debtor claimed a pre-existing dispute regarding defective supplies and counter-claimed losses, leading to the NCLT dismissing the application.
Chemical Suppliers India Private Limited (Respondent) supplied chemicals to GLS Films Industries Private Limited (Appellant).
The Respondent claimed ₹2,92,93,223/- was due and payable as of 26.05.2021.
The Appellant claimed the Respondent supplied defective solvent consignments on 10.04.2021, 11.04.2021, 20.04.2021, 23.04.2021, and 21.06.2021.
The Appellant informed the Respondent about defective supplies and losses of ₹6.50 crore, requesting a credit note for ₹1.66 crore via a letter dated 10.12.2020.
The Respondent issued a demand notice under Section 8 of the IBC on 11.11.2021.
The Appellant disputed the claim via email on 06.12.2021, citing pre-existing disputes and referring to a credit note for ₹1,66,89,770/-.
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Appellant wrote to Respondent detailing…
Respondent supplied a consignment of…
Chemical Suppliers India Private Limited (Operational Creditor) filed a Section 9 IBC application against GLS Films Industries Private Limited (Corporate Debtor) for an unpaid operational debt of ₹2,92,93,223/-. The Corporate Debtor claimed a pre-existing dispute regarding defective supplies and counter-claimed losses, leading to the NCLT dismissing the application.
Chemical Suppliers India Private Limited (Respondent) supplied chemicals to GLS Films Industries Private Limited (Appellant).
The Respondent claimed ₹2,92,93,223/- was due and payable as of 26.05.2021.
The Appellant claimed the Respondent supplied defective solvent consignments on 10.04.2021, 11.04.2021, 20.04.2021, 23.04.2021, and 21.06.2021.
The Appellant informed the Respondent about defective supplies and losses of ₹6.50 crore, requesting a credit note for ₹1.66 crore via a letter dated 10.12.2020.
The Respondent issued a demand notice under Section 8 of the IBC on 11.11.2021.
The Appellant disputed the claim via email on 06.12.2021, citing pre-existing disputes and referring to a credit note for ₹1,66,89,770/-.
…Appellant wrote to Respondent detailing…
Respondent supplied a consignment of…