TMI Blog2019 (9) TMI 594X X X X Extracts X X X X X X X X Extracts X X X X ..... mand Notice under Section 8(1) and the application under Section 9 (Form-5). From the Demand Notice, we find that unpaid amount has been shown as ₹ 20,58,704.00/-. Part-IV of Form 5 also shows that same amount i.e. ₹ 20,58,704.00/- as principal amount and ₹ 11,11,700/- towards interest @ 18% per annum i.e. total ₹ 31,70,404/-. There was no existence of dispute and there ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecember, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Mumbai, admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 ( I B Code for short) filed by Respondent- Nico Extrusions Limited - ( Operational Creditor ). 2. Learned counsel appearing on behalf of the Appellant submitted that the demand notice shown ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ebit note for ₹ 19,97,563/- (Rupees Nineteen Lakhs Ninety-Seven Thousand Five Hundred and Sixty-three Only). The Corporate Debtor in turn telephonically informed the Operational Creditor of the poor quality of the goods. 5. Though the aforesaid submission has been made but in support of such statement no document has been enclosed to suggest that the goods supplied by the Appellant were ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... letter dated 31st October, 2016 was issued to one Metec Asia Limited . Thus, we find that there is no dispute raised by the Corporate Debtor with regard to Invoice No. FPS/001/2015-16 dated 22nd April, 2015, relating to which claim amount of ₹ 20,58,704.00/- was raised. 8. The Appellant has wrongly taken plea that there is difference between the amount as shown in the Dem ..... X X X X Extracts X X X X X X X X Extracts X X X X
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