The petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Geron Engineering Private Limited (Operational Creditor) to initiate the Corporate Insolvency Process (CIRP) against Ecogreen Energy Lucknow Private Limited (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 (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Ecogreen Energy Lucknow Private Limited (Corporate Debtor). The Operational Creditor claimed that it supplied equipment, spares, and repaired equipment for the Corporate Debtor's 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 issued a demand notice on 02.01.2019, which was sent to the Corporate Debtor's registered address on 04.01.2019 but was returned undelivered. The demand notice was also served by hand on 04.01.2019. The Corporate Debtor argued
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Ecogreen Energy…
Operational c…
The petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Geron Engineering Private Limited (Operational Creditor) to initiate the Corporate Insolvency Process (CIRP) against Ecogreen Energy Lucknow Private Limited (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 (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Ecogreen Energy Lucknow Private Limited (Corporate Debtor). The Operational Creditor claimed that it supplied equipment, spares, and repaired equipment for the Corporate Debtor's 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 issued a demand notice on 02.01.2019, which was sent to the Corporate Debtor's registered address on 04.01.2019 but was returned undelivered. The demand notice was also served by hand on 04.01.2019. The Corporate Debtor argued
…Ecogreen Energy…
Operational c…