Bhatia Packaging Industries, Plot 12, Industrial Area Phase 1, Panchkula 134113
Date: 2 April 2026
By Registered post with acknowledgement due, and by email
To: The Board of Directors, Rana Appliances Private Limited (CIN U12345PB2015PTC123456), registered office at Plot 3, Industrial Area, Derabassi 140507
DEMAND NOTICE FOR PAYMENT OF OPERATIONAL DEBT, UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016
Dear Sirs,
- 1. We, Bhatia Packaging Industries, are an operational creditor of Rana Appliances Private Limited (the "Company"), because the Company owes us money for goods sold and delivered to the company. This is our demand notice under the Code, given in the manner the rules require.
- 2. The debt arises under the following: Purchase order no. RAP/PO/412 dated 3 March 2025 for 40,000 corrugated cartons for delivery in four lots.
- 3. The following amounts fell due and remain unpaid: Invoice BPI/25-26/118 dated 20 April 2025, Rs 62,40,000, due 20 May 2025. Invoice BPI/25-26/147 dated 28 June 2025, Rs 55,10,000, due 28 July 2025.
- 4. The total principal amount in default is ₹1,17,50,000 (Rupees One Crore Seventeen Lakh Fifty Thousand only). The default first occurred on 1 April 2026. Interest is also claimed: 18% a year as printed on each invoice, from the due date. A statement showing how the amount claimed is made up is in the Annexure.
- 5. We state that, to our knowledge, no dispute about this debt was raised by the Company before this notice, whether by a notice, a reply, a suit or arbitration proceeding, and that the Company has accepted the goods or services and the invoices without objection. If this is wrong, the Company must say so as the next paragraph requires.
- 6. We therefore demand that the Company pay us the principal amount of ₹1,17,50,000 (Rupees One Crore Seventeen Lakh Fifty Thousand only), together with the interest claimed, within ten days of receiving this notice, to this account: Punjab National Bank, Panchkula, A/c 0123456789012, IFSC PUNB0012300.
- 7. If, within the same ten days, the Company has a real dispute about the debt that existed before this notice, or has already paid, it must tell us in writing within that time, with the proof: the notice of any dispute, a suit or arbitration already begun, or the record of payment. Otherwise we shall apply to the National Company Law Tribunal to begin the corporate insolvency resolution process against the Company, and shall ask for all costs.
- 8. This notice is sent for the purpose stated in the Code. The form prescribed for a demand notice under the Code and its rules, with the particulars below, is filled and enclosed where the rules require it. This notice is without prejudice to all our other rights, which are reserved. A copy of the invoices, the proof of delivery and the statement of account are enclosed.