Amtech Electronics (India) Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Ecolibrium Energy Private Limited, alleging a default of Rs. 7,03,337.80 based on an invoice dated 17.10.2015. Ecolibrium Energy Private Limited disputed the claim, citing deficiencies in the goods and services provided by Amtech Electronics, and raised concerns about the quality of products and after-sale services. The Corporate Debtor also highlighted a pre-existing dispute, brought to the notice of the Operational Creditor in response to the Demand Notice, and the fact that the date of default occurred outside the limitation period.
Amtech Electronics (India) Limited, an operational creditor, filed a petition against Ecolibrium Energy Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming a default of Rs. 7,03,337.80 based on invoice no. 10000793 dated 17.10.2015. Amtech supplied goods to Ecolibrium. Ecolibrium disputed the claim, alleging deficiencies in the goods and services provided by Amtech, as communicated in emails dated 12.10.2015 and 13.10.2015. Ecolibrium also argued that the goods were accepted based on assurances regarding quality, which were not met, and that they had informed Amtech of these issues. Ecolibrium issued a reply notice dated 24.08.2018, elucidating the dispute. The corporate debtor had procured 78 drives from the
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The date of default as…
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Amtech Electronics (India) Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Ecolibrium Energy Private Limited, alleging a default of Rs. 7,03,337.80 based on an invoice dated 17.10.2015. Ecolibrium Energy Private Limited disputed the claim, citing deficiencies in the goods and services provided by Amtech Electronics, and raised concerns about the quality of products and after-sale services. The Corporate Debtor also highlighted a pre-existing dispute, brought to the notice of the Operational Creditor in response to the Demand Notice, and the fact that the date of default occurred outside the limitation period.
Amtech Electronics (India) Limited, an operational creditor, filed a petition against Ecolibrium Energy Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming a default of Rs. 7,03,337.80 based on invoice no. 10000793 dated 17.10.2015. Amtech supplied goods to Ecolibrium. Ecolibrium disputed the claim, alleging deficiencies in the goods and services provided by Amtech, as communicated in emails dated 12.10.2015 and 13.10.2015. Ecolibrium also argued that the goods were accepted based on assurances regarding quality, which were not met, and that they had informed Amtech of these issues. Ecolibrium issued a reply notice dated 24.08.2018, elucidating the dispute. The corporate debtor had procured 78 drives from the
…The date of default as…
The Operational…