Grow Max India Private Limited, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Agrimas Chemicals Limited, the Corporate Debtor. The Operational Creditor claimed a sum of Rs.26,50,927/-, inclusive of interest @18% p.a., which was said to be in default as of 08.01.2018. The Corporate Debtor is a limited Company incorporated on 03.07.1973 under the Companies Act, 1956. The Corporate Debtor denied the liability, claiming that the Petitioner supplied excess quantities of goods and defective quality products, causing financial losses. The Petitioner refuted these claims, stating that the Corporate Debtor admitted the liability in an email

Grow Max India Private Limited, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Agrimas Chemicals Limited, the Corporate Debtor. The Operational Creditor claimed a sum of Rs.26,50,927/-, inclusive of interest @18% p.a., which was said to be in default as of 08.01.2018. The Corporate Debtor is a limited Company incorporated on 03.07.1973 under the Companies Act, 1956. The Corporate Debtor denied the liability, claiming that the Petitioner supplied excess quantities of goods and defective quality products, causing financial losses. The Petitioner refuted these claims, stating that the Corporate Debtor admitted the liability in an email