2019 (9) TMI 594

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....d Mr Kanthi Narahari, Member (Technical) For The Appellant : Ms. Purti Marwah Gupta and Ms. Henna George, Advocates For The Respondents : Mr. Rahul Totala, Advocate, Ms. Divya Swami, Advocate for IRP And Mr. Devang P. Sampat, IRP JUDGMENT SUDHANSU JYOTI MUKHOPADHAYA, J. The Appellant, Shareholder of 'Nicomet Industries Limited'- ('Corporate Debtor') has challenged the impugned order 14th De....

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.... had business relations over a long period of time. The 'Corporate Debtor' purchased certain materials from a group concern of the 'Operational Creditor' called 'Metec Asia Limited'. The goods were further supplied to one 'Jaico Enterprises LLP'. The quality of the goods being of poor standard, the said 'Jainco Enterprises LLP' raised objection in the 'debit note' for Rs. 19,97,563/- (Rupees Ninet....

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....ay, 2015. 7. Learned counsel for the Respondents brought to our notice Form-5, the particulars of 'operational debt' and 'records of default' as has been enclosed wherein reference of the Invoice No. FPS/001/2015-16 dated 22nd April, 2015 has been made which is different from invoice dated 2nd May, 2015 relating to which letter dated 31st October, 2016 was issued to one 'Metec Asia Limited'. Thu....