The case pertains to an application filed by M/s. Eltech Electro-Controls Pvt. Ltd. (Operational Creditor/Applicant) under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against M/s. Digicontrols Northern Private Limited (Corporate Debtor/Respondent). The Operational Creditor claims that the Corporate Debtor failed to pay an amount of Rs. 1,87,095.50/- for the supply of electronic items.
M/s. Eltech Electro-Controls Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Digicontrols Northern Private Limited (Corporate Debtor) for non-payment of Rs. 1,87,095.50/-. The Operational Creditor supplied 35 cheque collection boxes and 22 price computation machines to the Corporate Debtor. The Corporate Debtor made partial payments totaling Rs. 49,266.50/-, leaving a balance of Rs. 1,87,095.50/- outstanding. The Operational Creditor issued a demand notice under Section 8 of the IBC, 2016, which was duly received by the Corporate Debtor. The Corporate Debtor acknowledged the debt in its reply but cited financial difficulties. The
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M/s. Digicontrols…
The Operational…
The case pertains to an application filed by M/s. Eltech Electro-Controls Pvt. Ltd. (Operational Creditor/Applicant) under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against M/s. Digicontrols Northern Private Limited (Corporate Debtor/Respondent). The Operational Creditor claims that the Corporate Debtor failed to pay an amount of Rs. 1,87,095.50/- for the supply of electronic items.
M/s. Eltech Electro-Controls Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Digicontrols Northern Private Limited (Corporate Debtor) for non-payment of Rs. 1,87,095.50/-. The Operational Creditor supplied 35 cheque collection boxes and 22 price computation machines to the Corporate Debtor. The Corporate Debtor made partial payments totaling Rs. 49,266.50/-, leaving a balance of Rs. 1,87,095.50/- outstanding. The Operational Creditor issued a demand notice under Section 8 of the IBC, 2016, which was duly received by the Corporate Debtor. The Corporate Debtor acknowledged the debt in its reply but cited financial difficulties. The
…M/s. Digicontrols…
The Operational…