Lampex Electronics Limited filed a company petition against AMI Tech (India) Private Limited, seeking to initiate Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition alleges that AMI Tech (India) Private Limited defaulted on payments for goods provided by Lampex Electronics Limited. The operational debt claimed is Rs. 2,23,29,138/-, comprising Rs. 1,15,43,505/- as principal and Rs. 1,07,85,633/- as interest at 24% per annum from 01.04.2018.
Lampex Electronics Limited (Operational Creditor) filed a petition against AMI Tech (India) Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming a default of Rs. 2,23,29,138/-. The debt comprised a principal amount of Rs. 1,15,43,505/- and interest of Rs. 1,07,85,633/- accruing from April 1, 2018, at 24% per annum. The Corporate Debtor is a private limited company incorporated on December 5, 1995. The Operational Creditor supplied Automatic Mete Reading (AMR) EQUIPMENT UNITS to the Corporate Debtor since 2011. The Corporate Debtor made part payments but never against a specific invoice, adjusting payments against the total outstanding dues. The Operational Creditor relied on eight tax invoice-cum-delivery challans.
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Lampex Electronics Limited filed a company petition against AMI Tech (India) Private Limited, seeking to initiate Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition alleges that AMI Tech (India) Private Limited defaulted on payments for goods provided by Lampex Electronics Limited. The operational debt claimed is Rs. 2,23,29,138/-, comprising Rs. 1,15,43,505/- as principal and Rs. 1,07,85,633/- as interest at 24% per annum from 01.04.2018.
Lampex Electronics Limited (Operational Creditor) filed a petition against AMI Tech (India) Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming a default of Rs. 2,23,29,138/-. The debt comprised a principal amount of Rs. 1,15,43,505/- and interest of Rs. 1,07,85,633/- accruing from April 1, 2018, at 24% per annum. The Corporate Debtor is a private limited company incorporated on December 5, 1995. The Operational Creditor supplied Automatic Mete Reading (AMR) EQUIPMENT UNITS to the Corporate Debtor since 2011. The Corporate Debtor made part payments but never against a specific invoice, adjusting payments against the total outstanding dues. The Operational Creditor relied on eight tax invoice-cum-delivery challans.
…The Applicant and the Respondent entered…
The Respondent made a payment of Rs.…