This case involves an appeal against the admission of insolvency proceedings against a Corporate Debtor, M/s Alliance Embroidery Machine Private Limited, initiated by an Operational Creditor, Nanjing Maohj Information & Technology Co. Ltd. (NMIT). NMIT claimed an outstanding debt of USD 773,696.90 for the supply of Yuemei laser bridges and computerized embroidery machines based on signed sales contracts. The Corporate Debtor disputed the claim, asserting they purchased the machines from Chirag Impex (HK) Ltd. The Adjudicating Authority admitted the Section 9 proceedings, leading to this appeal by the suspended management of the Corporate Debtor, represented by Subhash N Dawar.
Nanjing Maohj Information & Technology Co. Ltd. (NMIT), an Operational Creditor, supplied machinery to M/s Alliance Embroidery Machine Private Limited, the Corporate Debtor, through Chirag Impex Limited. The Corporate Debtor failed to make full payment, leading NMIT to issue a demand notice. When no reply was received, NMIT initiated Section 9 proceedings under the IBC. The Adjudicating Authority admitted the proceedings. The Corporate Debtor, under suspended management, appealed, arguing that goods were delivered to Chirag Impex (HK) Ltd., a separate legal entity, and that the demand notice was issued to them, not the Corporate Debtor. The Corporate Debtor also alleged malpractices regarding customs duty evasion. NMIT contended that the Corporate Debtor
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Operational Creditor issued a demand notice to…
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This case involves an appeal against the admission of insolvency proceedings against a Corporate Debtor, M/s Alliance Embroidery Machine Private Limited, initiated by an Operational Creditor, Nanjing Maohj Information & Technology Co. Ltd. (NMIT). NMIT claimed an outstanding debt of USD 773,696.90 for the supply of Yuemei laser bridges and computerized embroidery machines based on signed sales contracts. The Corporate Debtor disputed the claim, asserting they purchased the machines from Chirag Impex (HK) Ltd. The Adjudicating Authority admitted the Section 9 proceedings, leading to this appeal by the suspended management of the Corporate Debtor, represented by Subhash N Dawar.
Nanjing Maohj Information & Technology Co. Ltd. (NMIT), an Operational Creditor, supplied machinery to M/s Alliance Embroidery Machine Private Limited, the Corporate Debtor, through Chirag Impex Limited. The Corporate Debtor failed to make full payment, leading NMIT to issue a demand notice. When no reply was received, NMIT initiated Section 9 proceedings under the IBC. The Adjudicating Authority admitted the proceedings. The Corporate Debtor, under suspended management, appealed, arguing that goods were delivered to Chirag Impex (HK) Ltd., a separate legal entity, and that the demand notice was issued to them, not the Corporate Debtor. The Corporate Debtor also alleged malpractices regarding customs duty evasion. NMIT contended that the Corporate Debtor
…Operational Creditor issued a demand notice to…
Date of the Impugned Order passed by the…