The case involves an application filed by M/s Jeco Agrovet Pvt. Ltd., the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Emmtech Farms Pvt. Ltd., the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor defaulted in paying an operational debt of Rs. 40,71,210/- for poultry feeds supplied between 01.04.2014 and 31.10.2014. A demand notice was served under Section 8 of the IBC on 11.04.2017, but the Corporate Debtor did not respond.
M/s Jeco Agrovet 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 Emmtech Farms Pvt. Ltd. (Corporate Debtor). The Operational Creditor supplied poultry feeds to the Corporate Debtor between 01.04.2014 and 31.10.2014. The Corporate Debtor failed to pay Rs. 40,71,210/- for the supplied goods, leading to a default. The Operational Creditor issued a demand notice under Section 8 of the IBC on 11.04.2017, but the Corporate Debtor did not respond. The Corporate Debtor raised defenses of limitation and defective goods. The last consignment of goods was received by the Corporate Debtor on 31.12.2014. The application was filed on 22.11.2017.
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Operational Creditor supplied goods (poultry…
The last consignment of…
The case involves an application filed by M/s Jeco Agrovet Pvt. Ltd., the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Emmtech Farms Pvt. Ltd., the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor defaulted in paying an operational debt of Rs. 40,71,210/- for poultry feeds supplied between 01.04.2014 and 31.10.2014. A demand notice was served under Section 8 of the IBC on 11.04.2017, but the Corporate Debtor did not respond.
M/s Jeco Agrovet 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 Emmtech Farms Pvt. Ltd. (Corporate Debtor). The Operational Creditor supplied poultry feeds to the Corporate Debtor between 01.04.2014 and 31.10.2014. The Corporate Debtor failed to pay Rs. 40,71,210/- for the supplied goods, leading to a default. The Operational Creditor issued a demand notice under Section 8 of the IBC on 11.04.2017, but the Corporate Debtor did not respond. The Corporate Debtor raised defenses of limitation and defective goods. The last consignment of goods was received by the Corporate Debtor on 31.12.2014. The application was filed on 22.11.2017.
Operational Creditor supplied goods (poultry…
The last consignment of…