The case involves an application filed by Asona India Pvt. Ltd., the Operational Creditor, against AHZ Interior Pvt. Ltd., the Operational Debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Operational Creditor claimed an outstanding operational debt of ₹18,31,688/- from the Corporate Debtor, arising from unpaid invoices for goods supplied. The Operational Creditor had placed orders with the Corporate Debtor for RythmScapes Panels to be installed at various sites and made advance payments. However, the Corporate Debtor allegedly failed to deliver the goods as per the agreed schedule, leading to the Operational Creditor cancelling the orders and demanding a refund of the advance payments. The Corporate Debtor refuted the allegations, claiming
…Asona India Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against AHZ Interior Pvt. Ltd. (Corporate Debtor) for an outstanding operational debt of ₹18,31,688/-. The debt arose from orders placed by the Operational Creditor for RythmScapes Panels, with advance payments made. The orders included one dated 16.02.2016 for EMC Symmetrics and another dated 17.02.2016 for Trump Towers. The Corporate Debtor allegedly failed to deliver the goods as per the agreed schedule. The Operational Creditor sent an email on 30.03.2017 cancelling all orders and demanding a refund. A demand notice under Section 8 of the Code was sent on 04.07.2017. The Corporate Debtor refuted the allegations, claiming that the
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The Operational Creditor placed orders dated…
The Operational Creditor placed another Order…
The case involves an application filed by Asona India Pvt. Ltd., the Operational Creditor, against AHZ Interior Pvt. Ltd., the Operational Debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Operational Creditor claimed an outstanding operational debt of ₹18,31,688/- from the Corporate Debtor, arising from unpaid invoices for goods supplied. The Operational Creditor had placed orders with the Corporate Debtor for RythmScapes Panels to be installed at various sites and made advance payments. However, the Corporate Debtor allegedly failed to deliver the goods as per the agreed schedule, leading to the Operational Creditor cancelling the orders and demanding a refund of the advance payments. The Corporate Debtor refuted the allegations, claiming
…Asona India Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against AHZ Interior Pvt. Ltd. (Corporate Debtor) for an outstanding operational debt of ₹18,31,688/-. The debt arose from orders placed by the Operational Creditor for RythmScapes Panels, with advance payments made. The orders included one dated 16.02.2016 for EMC Symmetrics and another dated 17.02.2016 for Trump Towers. The Corporate Debtor allegedly failed to deliver the goods as per the agreed schedule. The Operational Creditor sent an email on 30.03.2017 cancelling all orders and demanding a refund. A demand notice under Section 8 of the Code was sent on 04.07.2017. The Corporate Debtor refuted the allegations, claiming that the
…The Operational Creditor placed orders dated…
The Operational Creditor placed another Order…