Vave India Energy Solutions Private Limited (Operational Creditor) filed an appeal against the order passed by the National Company Law Tribunal (NCLT), New Delhi, which rejected its application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) on the ground of a pre-existing dispute.
Vave India Energy Solutions Private Limited (Operational Creditor) filed an application under Section 9 of the IBC seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Eastman Auto & Power Limited (Corporate Debtor).
The application was filed for the alleged default in clearing the debt of Rs. 1,02,70,985/- along with interest @ 18% per annum.
The Operational Creditor and the Corporate Debtor had entered into an agreement dated 02.01.2018 for the supply of inverter batteries.
The Operational Creditor started receiving complaints about the power backup of the inverter batteries manufactured and supplied by the Corporate Debtor.
…Sign in to view the parties.
Agreement between Operational Creditor and…
Corporate Debtor offered a credit note…
Vave India Energy Solutions Private Limited (Operational Creditor) filed an appeal against the order passed by the National Company Law Tribunal (NCLT), New Delhi, which rejected its application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) on the ground of a pre-existing dispute.
Vave India Energy Solutions Private Limited (Operational Creditor) filed an application under Section 9 of the IBC seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Eastman Auto & Power Limited (Corporate Debtor).
The application was filed for the alleged default in clearing the debt of Rs. 1,02,70,985/- along with interest @ 18% per annum.
The Operational Creditor and the Corporate Debtor had entered into an agreement dated 02.01.2018 for the supply of inverter batteries.
The Operational Creditor started receiving complaints about the power backup of the inverter batteries manufactured and supplied by the Corporate Debtor.
…Agreement between Operational Creditor and…
Corporate Debtor offered a credit note…