2020 (3) TMI 1278

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....er Judicial And Hon'ble Mr. Chockaungam Thirunavukkarasu, Member Technical ORDER Advocate Mr. Monal Davawala for petitioner Advocate Mr. Vinay Bairagra for respondent ORDER Ms. Manorama Kumari, 1. The instant application is filed by M/S. Sumilon Polyester Limited through its partner Mr. Tariq Puthawala under Section 9 of The Insolvency and Bankruptcy Code, 2016 [hereinafter r....

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.... CC Met Pet material. That, the operational creditor has been supplying material to the corporate debtor and due to non-payment of operational debt by the corporate debtor, as on 04.09.2018, a total sum of Rs. 19,07,560/- (Rupees nineteen lacs seven thousand five hundred sixty only) is due and payable by the corporate debtor which includes the value of material supplied from time to time and charg....

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.... clients of the respondent company had rejected their entire laminate quantity and had raised debit notes to the tune of Rs. 11.50 Iacs on the respondent company. That, the said aspects were brought to the notice of the petitioner company and it was intimated that due to such rejection, actual loss to the tune of Rs. 22.00 lacs would be debited in the account of the petitioner company. That, the s....

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.... the petitioner by the respondent and rate of interest charged (page 70 - 114). Page No. 95 to the reply is an email addressed to the petitioner by the respondent regarding inconsistent quality of the goods supplied by the petitioner. 10. On perusal of the records it is also found that against the defective material supplied by the petitioner, respondent had issued debit notes. 11. In the in....