The case involves a Company Petition filed by M/s. Precision Machine & Auto Components Private Limited (Operational Creditor) against M/s. Everon Castings Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code 2016. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for machining products supplied under various invoices. The Corporate Debtor contested the claim, alleging that the Operational Creditor's application was based on a forged letter and that the Corporate Debtor had suffered losses due to the non-delivery of products by the Operational Creditor.
M/s. Precision Machine & Auto Components Private Limited (Operational Creditor) filed a Company Petition against M/s. Everon Castings Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code 2016. The Operational Creditor claimed that the Corporate Debtor owed Rs. 41,38,752/- for machining products supplied under various invoices (U3-L/3589 to U3-L/6671 dated 30.03.2015 to 13.06.2015). The payment was to be made within 60 days of the invoice. The Corporate Debtor had acknowledged an outstanding payment of Rs. 30,60,850/- (without TDS) and stated they hoped to complete the payments by March, 2017. The Operational Creditor sent a Demand Notice dated 31.05.2017. The Corporate Debtor contested the claim, alleging that the Operational
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Invoices U3-L/…
Invoices U3-L/…
The case involves a Company Petition filed by M/s. Precision Machine & Auto Components Private Limited (Operational Creditor) against M/s. Everon Castings Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code 2016. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for machining products supplied under various invoices. The Corporate Debtor contested the claim, alleging that the Operational Creditor's application was based on a forged letter and that the Corporate Debtor had suffered losses due to the non-delivery of products by the Operational Creditor.
M/s. Precision Machine & Auto Components Private Limited (Operational Creditor) filed a Company Petition against M/s. Everon Castings Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code 2016. The Operational Creditor claimed that the Corporate Debtor owed Rs. 41,38,752/- for machining products supplied under various invoices (U3-L/3589 to U3-L/6671 dated 30.03.2015 to 13.06.2015). The payment was to be made within 60 days of the invoice. The Corporate Debtor had acknowledged an outstanding payment of Rs. 30,60,850/- (without TDS) and stated they hoped to complete the payments by March, 2017. The Operational Creditor sent a Demand Notice dated 31.05.2017. The Corporate Debtor contested the claim, alleging that the Operational
…Invoices U3-L/…
Invoices U3-L/…