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TMI Blog2020 (3) TMI 1278X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 referred to as "the Code"] read with Rul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reditor 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 charges which fell due on account of delay in paym ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ir 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 said fact also gets substantiated from the action of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... harged (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 instant application, from the material placed on record by the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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