The case pertains to an application filed by the Operational Creditor, M/s. EDGE Biotech Pvt. Ltd., under Section 9 of the Insolvency & Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s Angstrom Biotech Pvt. Ltd., due to a default amount of Rs. 2,54,506/-. The Operational Creditor claimed that the Corporate Debtor failed to make payment for goods supplied, leading to the dishonoring of a cheque issued for part payment.
M/s. EDGE Biotech Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Angstrom Biotech Pvt. Ltd. (Corporate Debtor). The claim arose from the Corporate Debtor's failure to pay Rs. 2,54,506/- for diagnostic rapid test cassette and other medical disposable packing products supplied by the Operational Creditor. The Corporate Debtor issued a cheque of Rs. 2,00,000/- dated 13.11.2019, which was dishonored with the remark 'Payment Stopped By Drawer'. The Operational Creditor issued a demand notice on 05.12.2019. The demand notice was delivered to the Corporate Debtor on 17.07.2020 at its current address, but the Corporate Debtor did not
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The date of de…
Corporate Debtor issued a cheque of Rs.…
The case pertains to an application filed by the Operational Creditor, M/s. EDGE Biotech Pvt. Ltd., under Section 9 of the Insolvency & Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s Angstrom Biotech Pvt. Ltd., due to a default amount of Rs. 2,54,506/-. The Operational Creditor claimed that the Corporate Debtor failed to make payment for goods supplied, leading to the dishonoring of a cheque issued for part payment.
M/s. EDGE Biotech Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Angstrom Biotech Pvt. Ltd. (Corporate Debtor). The claim arose from the Corporate Debtor's failure to pay Rs. 2,54,506/- for diagnostic rapid test cassette and other medical disposable packing products supplied by the Operational Creditor. The Corporate Debtor issued a cheque of Rs. 2,00,000/- dated 13.11.2019, which was dishonored with the remark 'Payment Stopped By Drawer'. The Operational Creditor issued a demand notice on 05.12.2019. The demand notice was delivered to the Corporate Debtor on 17.07.2020 at its current address, but the Corporate Debtor did not
…The date of de…
Corporate Debtor issued a cheque of Rs.…