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/-. The Operational Creditor placed orders with the Corporate Debtor for RythmScapes Panels to be installed at various sites. Full advance payments were made, but the Corporate Debtor allegedly failed to deliver the goods as per the schedule. The Operational Creditor sent an email cancelling all orders and demanded a refund of the advances.
Asona India Pvt. Ltd. (Operational Creditor) filed an application against AHZ Interior Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, claiming an outstanding operational debt of ₹18,31,688/-. The Operational Creditor placed orders for RythmScapes Panels with the Corporate Debtor, making full advance payments totaling ₹14,89,326/-. The orders included one dated 16.02.2016 for Symmetrics Development Services Pvt. Ltd. and another dated 17.02.2016 for Panchshil Realty & Developers Pvt. Ltd. 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. The Corporate Debtor claimed that the Operational
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Operational Creditor placed orders dated…
Another Order dated 17.02.2016 (with Panchshil…
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/-. The Operational Creditor placed orders with the Corporate Debtor for RythmScapes Panels to be installed at various sites. Full advance payments were made, but the Corporate Debtor allegedly failed to deliver the goods as per the schedule. The Operational Creditor sent an email cancelling all orders and demanded a refund of the advances.
Asona India Pvt. Ltd. (Operational Creditor) filed an application against AHZ Interior Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, claiming an outstanding operational debt of ₹18,31,688/-. The Operational Creditor placed orders for RythmScapes Panels with the Corporate Debtor, making full advance payments totaling ₹14,89,326/-. The orders included one dated 16.02.2016 for Symmetrics Development Services Pvt. Ltd. and another dated 17.02.2016 for Panchshil Realty & Developers Pvt. Ltd. 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. The Corporate Debtor claimed that the Operational
…Operational Creditor placed orders dated…
Another Order dated 17.02.2016 (with Panchshil…