The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Elan Professional Appliances Private Limited (Operational Creditor) against Customized Kitchen India Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed that the corporate debtor defaulted on payments for kitchen appliances sold in July 2018.
Elan Professional Appliances Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Customized Kitchen India Private Limited (Corporate Debtor). The Operational Creditor sold kitchen appliances to the Corporate Debtor in July 2018 for a total amount of Rs. 12,78,783. The Corporate Debtor issued three cheques for the said amount, which were dishonored due to insufficient funds. A notice under Section 8 of the IBC, 2016 was sent to the Corporate Debtor on 18.04.2019, but it was not delivered due to an insufficient address. However, the notice was sent via email on 28.04.2019 to the email address available in the Company Master Data,
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Elan Professional Appliances Private Limited…
Notice under Section 8 of the IBC, 2016 was…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Elan Professional Appliances Private Limited (Operational Creditor) against Customized Kitchen India Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed that the corporate debtor defaulted on payments for kitchen appliances sold in July 2018.
Elan Professional Appliances Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Customized Kitchen India Private Limited (Corporate Debtor). The Operational Creditor sold kitchen appliances to the Corporate Debtor in July 2018 for a total amount of Rs. 12,78,783. The Corporate Debtor issued three cheques for the said amount, which were dishonored due to insufficient funds. A notice under Section 8 of the IBC, 2016 was sent to the Corporate Debtor on 18.04.2019, but it was not delivered due to an insufficient address. However, the notice was sent via email on 28.04.2019 to the email address available in the Company Master Data,
…Elan Professional Appliances Private Limited…
Notice under Section 8 of the IBC, 2016 was…