The petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Geron Engineering Private Limited, the operational creditor, to initiate the Corporate Insolvency Resolution Process (CIRP) against Ecogreen Energy Lucknow Private Limited, the corporate debtor. The operational creditor claimed that the corporate debtor failed to pay an outstanding debt of ₹134.72 lacs. The corporate debtor argued that there was a pre-existing dispute between the parties.
Geron Engineering Private Limited, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Ecogreen Energy Lucknow Private Limited, the corporate debtor. The operational creditor claimed that it supplied equipment, spares, and repairs to the corporate debtor for its solid waste management project in Lucknow. The operational creditor raised invoices from 09.11.2017 to 22.10.2018, totaling ₹1,30,50,059, out of which the corporate debtor paid ₹14,91,750. The operational creditor claimed a default of ₹134.72 lacs as of 02.01.2019. A demand notice was sent on 02.01.2019 but was returned undelivered. The corporate debtor contended that the demand notice was not validly served and that there was a
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Ecogreen Energy Lucknow…
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The petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Geron Engineering Private Limited, the operational creditor, to initiate the Corporate Insolvency Resolution Process (CIRP) against Ecogreen Energy Lucknow Private Limited, the corporate debtor. The operational creditor claimed that the corporate debtor failed to pay an outstanding debt of ₹134.72 lacs. The corporate debtor argued that there was a pre-existing dispute between the parties.
Geron Engineering Private Limited, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Ecogreen Energy Lucknow Private Limited, the corporate debtor. The operational creditor claimed that it supplied equipment, spares, and repairs to the corporate debtor for its solid waste management project in Lucknow. The operational creditor raised invoices from 09.11.2017 to 22.10.2018, totaling ₹1,30,50,059, out of which the corporate debtor paid ₹14,91,750. The operational creditor claimed a default of ₹134.72 lacs as of 02.01.2019. A demand notice was sent on 02.01.2019 but was returned undelivered. The corporate debtor contended that the demand notice was not validly served and that there was a
…Ecogreen Energy Lucknow…
Start date of the…