The case involves a petition filed by Insight Collaborative Logistics Private Limited, the operational creditor, against Ansh Energy Solutions Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2018. The operational creditor claimed that the corporate debtor defaulted on payments for goods supplied under two purchase orders. The corporate debtor failed to file a reply despite multiple opportunities, leading to the matter being heard ex-parte.
Insight Collaborative Logistics Private Limited (Operational Creditor) filed a petition against Ansh Energy Solutions Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor issued two purchase orders (AESPL/18-19/AGI/03 and AESPL/18-19/AGI/04) for the supply of Indonesian Coal-GAR. The Operational Creditor supplied the goods, raising invoices for Rs 51,71,8887/-, out of which Rs. 7,00,000/- was paid on 17.10.2018, leaving Rs. 44,71,887/- unpaid. The Operational Creditor sent a notice under Section 8 of the Insolvency and Bankruptcy Code, 2016, through speed post. The Corporate Debtor did not file a reply despite multiple opportunities and a recall application (CA No. 302/2019) was dismissed on 10.02.2020.
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The Corporate Debtor…
The Corporate Debtor…
The case involves a petition filed by Insight Collaborative Logistics Private Limited, the operational creditor, against Ansh Energy Solutions Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2018. The operational creditor claimed that the corporate debtor defaulted on payments for goods supplied under two purchase orders. The corporate debtor failed to file a reply despite multiple opportunities, leading to the matter being heard ex-parte.
Insight Collaborative Logistics Private Limited (Operational Creditor) filed a petition against Ansh Energy Solutions Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor issued two purchase orders (AESPL/18-19/AGI/03 and AESPL/18-19/AGI/04) for the supply of Indonesian Coal-GAR. The Operational Creditor supplied the goods, raising invoices for Rs 51,71,8887/-, out of which Rs. 7,00,000/- was paid on 17.10.2018, leaving Rs. 44,71,887/- unpaid. The Operational Creditor sent a notice under Section 8 of the Insolvency and Bankruptcy Code, 2016, through speed post. The Corporate Debtor did not file a reply despite multiple opportunities and a recall application (CA No. 302/2019) was dismissed on 10.02.2020.
…The Corporate Debtor…
The Corporate Debtor…