The case involves a petition filed by M/s Emgreen Impex Ltd. (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s ANR International Pvt. Ltd. (Corporate Debtor) for an alleged default in settling an amount of Rs. 1,12,99,101/- along with interest of Rs. 33,76,950/-. The Operational Creditor claims that the Corporate Debtor failed to make the demanded payment despite the service of a demand notice. The Corporate Debtor, on the other hand, disputes the claim, asserting that the Operational Creditor owes them Rs. 85,066/- based on a running account and reciprocal demands.
M/s Emgreen Impex Ltd. (Operational Creditor) filed a petition to initiate CIRP against M/s ANR International Pvt. Ltd. (Corporate Debtor) due to an alleged default of Rs. 1,12,99,101/- plus interest of Rs. 33,76,950/-. The Operational Creditor claimed to have supplied goods to the Corporate Debtor, with transactions occurring in the financial years 2016-17 and 2017-18. The Corporate Debtor confirmed the statement of accounts via email. Despite assurances and a demand notice, the Corporate Debtor failed to make the payment. The Corporate Debtor disputed the claim, stating that the Operational Creditor owed them Rs. 85,066/- based on a running account. The Corporate Debtor alleged that the Operational Creditor suppressed facts and that the debt was non-existent. The
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Transactions between the Operational Creditor…
Transactions between the Operational Creditor…
The case involves a petition filed by M/s Emgreen Impex Ltd. (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s ANR International Pvt. Ltd. (Corporate Debtor) for an alleged default in settling an amount of Rs. 1,12,99,101/- along with interest of Rs. 33,76,950/-. The Operational Creditor claims that the Corporate Debtor failed to make the demanded payment despite the service of a demand notice. The Corporate Debtor, on the other hand, disputes the claim, asserting that the Operational Creditor owes them Rs. 85,066/- based on a running account and reciprocal demands.
M/s Emgreen Impex Ltd. (Operational Creditor) filed a petition to initiate CIRP against M/s ANR International Pvt. Ltd. (Corporate Debtor) due to an alleged default of Rs. 1,12,99,101/- plus interest of Rs. 33,76,950/-. The Operational Creditor claimed to have supplied goods to the Corporate Debtor, with transactions occurring in the financial years 2016-17 and 2017-18. The Corporate Debtor confirmed the statement of accounts via email. Despite assurances and a demand notice, the Corporate Debtor failed to make the payment. The Corporate Debtor disputed the claim, stating that the Operational Creditor owed them Rs. 85,066/- based on a running account. The Corporate Debtor alleged that the Operational Creditor suppressed facts and that the debt was non-existent. The
…Transactions between the Operational Creditor…
Transactions between the Operational Creditor…