The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by J C Electronica Pvt. Ltd. (Operational Creditor) against NA Bhutho Na Bhavisyathi Tech Pvt. Ltd. (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP) due to a default in payment of Rs. 1,20,37,200.
J C Electronica Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the IBC, 2016 against NA Bhutho Na Bhavisyathi Tech Pvt. Ltd. (Corporate Debtor) for a default of Rs. 1,20,37,200.
The Operational Creditor supplied electronic components to the Corporate Debtor based on a purchase order dated 17.01.2022.
The Corporate Debtor made an advance payment of Rs. 77,70,000 on 24.01.2022.
The Corporate Debtor delivered 10,000 electronic components out of the ordered 12,000 on 09.03.2022.
The Operational Creditor found the delivered components to be fake and counterfeit.
The Corporate Debtor admitted the fault and agreed to return the advance payment.
The Corporate Debtor issued a cheque of Rs. 40,00,000 on 25.07.2022, which was dishonored.
…Sign in to view the parties.
Operational Creditor issued a Purchase Order No.…
Corporate Debtor issued the proforma…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by J C Electronica Pvt. Ltd. (Operational Creditor) against NA Bhutho Na Bhavisyathi Tech Pvt. Ltd. (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP) due to a default in payment of Rs. 1,20,37,200.
J C Electronica Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the IBC, 2016 against NA Bhutho Na Bhavisyathi Tech Pvt. Ltd. (Corporate Debtor) for a default of Rs. 1,20,37,200.
The Operational Creditor supplied electronic components to the Corporate Debtor based on a purchase order dated 17.01.2022.
The Corporate Debtor made an advance payment of Rs. 77,70,000 on 24.01.2022.
The Corporate Debtor delivered 10,000 electronic components out of the ordered 12,000 on 09.03.2022.
The Operational Creditor found the delivered components to be fake and counterfeit.
The Corporate Debtor admitted the fault and agreed to return the advance payment.
The Corporate Debtor issued a cheque of Rs. 40,00,000 on 25.07.2022, which was dishonored.
…Operational Creditor issued a Purchase Order No.…
Corporate Debtor issued the proforma…