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Non-payment by corporate debtor, for supply of goods by operational creditor, is operational debt
Case Law Details
- Case Name
- Mukul Agarwal Vs Royale Resinex Pvt. Ltd. (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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Mukul Agarwal Vs Royale Resinex Pvt. Ltd. (NCLAT Delhi)
Facts- The Operational Creditor supplied poly propylene to the Corporate Debtor as per the demand raised by the Corporate Debtor. Invoices were raised in the name of the Corporate Debtor. The Operational Creditor filed a Civil Suit No.149 of 2015 against the Corporate Debtor for recovery of amount of Rs.16,44,500/-.
The Operational Creditor issued notice u/s 8 of the Code in Form-3, dated 06.04.2019 to the Corporate Debtor claiming amount of debt as Rs.25,04,630/-. The notice u/s 8 of the code was not replied by the Corpo...
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