The case involves a Company Petition filed by Keshan Trading Corporation (Operational Creditor) against E-Power Energy (India) Private Limited (Corporate Debtor) under Section 9 of the IB Code, 2016. The Operational Creditor claimed that the Corporate Debtor failed to pay for goods supplied on credit. Both parties had a business relationship since 2015, and a Memorandum of Understanding was entered on 24.02.2017. The Corporate Debtor initially made payments with delays but later defaulted, leading to the Operational Creditor sending a statement of account on 30.09.2017 for Rs. 4,02,50,377/-. The Corporate Debtor confirmed and accepted the amount and promised to pay Rs. 2,00,00,000/- within 30 days from 18.09.2017 and the balance within 30 days thereafter. The Corporate
…Keshan Trading Corporation (Operational Creditor) filed a Company Petition against E-Power Energy (India) Private Limited (Corporate Debtor) under Section 9 of the IB Code, 2016, for non-payment of dues. The Operational Creditor supplied goods on credit to the Corporate Debtor, with business relations dating back to 2015. A Memorandum of Understanding was entered on 24.02.2017. Initially, payments were made with delays, but the Corporate Debtor later defaulted. A statement of account was sent on 30.09.2017 for Rs. 4,02,50,377/-, which the Corporate Debtor confirmed. The Corporate Debtor promised to pay Rs. 2,00,00,000/- within 30 days from 18.09.2017 and the balance within 30 days thereafter. The Corporate Debtor requested the Operational Creditor to collect MS Pipes
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Keshan Trading Corporation and E-Power Energy…
A Memorandum of…
The case involves a Company Petition filed by Keshan Trading Corporation (Operational Creditor) against E-Power Energy (India) Private Limited (Corporate Debtor) under Section 9 of the IB Code, 2016. The Operational Creditor claimed that the Corporate Debtor failed to pay for goods supplied on credit. Both parties had a business relationship since 2015, and a Memorandum of Understanding was entered on 24.02.2017. The Corporate Debtor initially made payments with delays but later defaulted, leading to the Operational Creditor sending a statement of account on 30.09.2017 for Rs. 4,02,50,377/-. The Corporate Debtor confirmed and accepted the amount and promised to pay Rs. 2,00,00,000/- within 30 days from 18.09.2017 and the balance within 30 days thereafter. The Corporate
…Keshan Trading Corporation (Operational Creditor) filed a Company Petition against E-Power Energy (India) Private Limited (Corporate Debtor) under Section 9 of the IB Code, 2016, for non-payment of dues. The Operational Creditor supplied goods on credit to the Corporate Debtor, with business relations dating back to 2015. A Memorandum of Understanding was entered on 24.02.2017. Initially, payments were made with delays, but the Corporate Debtor later defaulted. A statement of account was sent on 30.09.2017 for Rs. 4,02,50,377/-, which the Corporate Debtor confirmed. The Corporate Debtor promised to pay Rs. 2,00,00,000/- within 30 days from 18.09.2017 and the balance within 30 days thereafter. The Corporate Debtor requested the Operational Creditor to collect MS Pipes
…Keshan Trading Corporation and E-Power Energy…
A Memorandum of…