The case involves a petition filed by Anchor Electricals Private Limited (Operational Creditor) against Enectric Projects & Solutions India Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, for an operational debt of Rs. 47,80,294.75. The debt arose from transactions where the Operational Creditor supplied goods based on purchase orders placed by the Corporate Debtor. Despite repeated reminders, the Corporate Debtor failed to make payments, leading to the issuance of a demand notice under Section 8 of the IBC, 2016.
Anchor Electricals Private Limited, the Operational Creditor, filed a petition against Enectric Projects & Solutions India Private Limited, the Corporate Debtor, claiming an operational debt of Rs. 47,80,294.75. The debt stemmed from the supply of goods based on purchase orders. The Operational Creditor supplied goods as per the purchase orders and raised invoices. The Corporate Debtor failed to make payments despite repeated reminders via email. The Operational Creditor issued a demand notice dated 09.08.2018 under Section 8 of the IBC, 2016. The Corporate Debtor filed a counter affidavit alleging discrepancies in the quality and quantity of goods. However, the Corporate Debtor also submitted a payment schedule, agreeing to pay the outstanding amount in
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The case involves a petition filed by Anchor Electricals Private Limited (Operational Creditor) against Enectric Projects & Solutions India Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, for an operational debt of Rs. 47,80,294.75. The debt arose from transactions where the Operational Creditor supplied goods based on purchase orders placed by the Corporate Debtor. Despite repeated reminders, the Corporate Debtor failed to make payments, leading to the issuance of a demand notice under Section 8 of the IBC, 2016.
Anchor Electricals Private Limited, the Operational Creditor, filed a petition against Enectric Projects & Solutions India Private Limited, the Corporate Debtor, claiming an operational debt of Rs. 47,80,294.75. The debt stemmed from the supply of goods based on purchase orders. The Operational Creditor supplied goods as per the purchase orders and raised invoices. The Corporate Debtor failed to make payments despite repeated reminders via email. The Operational Creditor issued a demand notice dated 09.08.2018 under Section 8 of the IBC, 2016. The Corporate Debtor filed a counter affidavit alleging discrepancies in the quality and quantity of goods. However, the Corporate Debtor also submitted a payment schedule, agreeing to pay the outstanding amount in
…Corporate Debto…
Operational Creditor…