The application was filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 by Creative Engineers and Services Private Limited (Operational Creditor) to initiate the Corporate Insolvency Resolution Process (CIRP) against B & C Energy Infra Limited (Corporate Debtor) for a default amount of Rs. 7,34,716. The Operational Creditor sold an 11kv breaker panel to the Corporate Debtor on 30.11.2016 and raised an invoice of Rs. 9,46,690, out of which the Corporate Debtor paid Rs. 3,00,000 in advance. The Corporate Debtor issued a letter dated 08.12.2016 regarding mismatch of material. The Operational Creditor issued a demand notice on 26.02.2019 under Section 8(1) of IBC, 2016. The Corporate Debtor stated that there was a pre-existing dispute regarding mismatch
…Creative Engineers and Services Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against B & C Energy Infra Limited (Corporate Debtor). The claim arose from the sale of an 11kv breaker panel of 400 Amps by the Operational Creditor to the Corporate Debtor on 30.11.2016, for which an invoice of Rs. 9,46,690 was raised. The Corporate Debtor paid Rs. 3,00,000 in advance. The Corporate Debtor issued a letter dated 08.12.2016, alleging a mismatch of material. The Operational Creditor issued a demand notice on 26.02.2019. The Corporate Debtor claimed a pre-existing dispute in a reply dated 12.03.2020, while the Operational Creditor alleged
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Operational Creditor…
Operational Creditor…
The application was filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 by Creative Engineers and Services Private Limited (Operational Creditor) to initiate the Corporate Insolvency Resolution Process (CIRP) against B & C Energy Infra Limited (Corporate Debtor) for a default amount of Rs. 7,34,716. The Operational Creditor sold an 11kv breaker panel to the Corporate Debtor on 30.11.2016 and raised an invoice of Rs. 9,46,690, out of which the Corporate Debtor paid Rs. 3,00,000 in advance. The Corporate Debtor issued a letter dated 08.12.2016 regarding mismatch of material. The Operational Creditor issued a demand notice on 26.02.2019 under Section 8(1) of IBC, 2016. The Corporate Debtor stated that there was a pre-existing dispute regarding mismatch
…Creative Engineers and Services Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against B & C Energy Infra Limited (Corporate Debtor). The claim arose from the sale of an 11kv breaker panel of 400 Amps by the Operational Creditor to the Corporate Debtor on 30.11.2016, for which an invoice of Rs. 9,46,690 was raised. The Corporate Debtor paid Rs. 3,00,000 in advance. The Corporate Debtor issued a letter dated 08.12.2016, alleging a mismatch of material. The Operational Creditor issued a demand notice on 26.02.2019. The Corporate Debtor claimed a pre-existing dispute in a reply dated 12.03.2020, while the Operational Creditor alleged
…Operational Creditor…
Operational Creditor…