The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Parmod Sharma (Operational Creditor) against Emsons Organics Ltd (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The operational creditor provided services to the corporate debtor for attending Excise & DGFT Matters. A fee of ₹1 lac per financial year was agreed upon, with a 12% per annum interest on delayed payments. Two bills were raised for FY 2014-15 and FY 2015-16, totaling ₹2 lacs. The total debt claimed is ₹2,12,800/-, including principal and interest. A demand notice was issued and served, but the corporate debtor failed to make the payment.
Parmod Sharma, an operational creditor, provided services to Emsons Organics Ltd, the corporate debtor, for attending Excise & DGFT Matters. An agreement was made for a fee of ₹1 lac per financial year, with a 12% per annum interest on delayed payments. Two invoices were raised for FY 2014-15 and FY 2015-16, totaling ₹2 lacs. The total debt claimed is ₹2,12,800/-, including principal and interest. A demand notice was issued on 12.04.2017 and served on the corporate debtor on 23.04.2017. The corporate debtor acknowledged the principal amount of ₹1,90,000/- but disputed the interest component. The operational creditor filed an affidavit stating that the corporate debtor acknowledged the debt in its reply dated 03.05.2017 and that there is no dispute of unpaid
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Invoice for…
Invoice for…
The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Parmod Sharma (Operational Creditor) against Emsons Organics Ltd (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The operational creditor provided services to the corporate debtor for attending Excise & DGFT Matters. A fee of ₹1 lac per financial year was agreed upon, with a 12% per annum interest on delayed payments. Two bills were raised for FY 2014-15 and FY 2015-16, totaling ₹2 lacs. The total debt claimed is ₹2,12,800/-, including principal and interest. A demand notice was issued and served, but the corporate debtor failed to make the payment.
Parmod Sharma, an operational creditor, provided services to Emsons Organics Ltd, the corporate debtor, for attending Excise & DGFT Matters. An agreement was made for a fee of ₹1 lac per financial year, with a 12% per annum interest on delayed payments. Two invoices were raised for FY 2014-15 and FY 2015-16, totaling ₹2 lacs. The total debt claimed is ₹2,12,800/-, including principal and interest. A demand notice was issued on 12.04.2017 and served on the corporate debtor on 23.04.2017. The corporate debtor acknowledged the principal amount of ₹1,90,000/- but disputed the interest component. The operational creditor filed an affidavit stating that the corporate debtor acknowledged the debt in its reply dated 03.05.2017 and that there is no dispute of unpaid
…Invoice for…
Invoice for…