The case involves an application by Eonn Plast India Pvt. Ltd., an Operational Creditor, to initiate the Corporate Insolvency Resolution Process (CIRP) against HS Power Projects Pvt. Ltd., the Corporate Debtor, due to its inability to pay outstanding debts. Eonn Plast supplied HDPE pipes to HS Power Projects against purchase orders dated 2017-01-31. Invoices were raised for a total amount of Rs. 20,34,900, against which the Corporate Debtor made part payments on 2017-07-18 and 2017-08-01. Despite reminders, a balance of Rs. 9,48,204 remained unpaid. A demand notice under Section 8 of the Insolvency & Bankruptcy Code was issued but received no response, leading to the filing of the petition.
Eonn Plast India Pvt. Ltd. (Operational Creditor) supplied HDPE pipes to HS Power Projects Pvt. Ltd. (Corporate Debtor) based on purchase orders dated 2017-01-31. Invoices totaling Rs. 20,34,900 were raised for the deliveries. The Corporate Debtor made partial payments on 2017-07-18 and 2017-08-01. A balance of Rs. 9,48,204 remained unpaid despite reminders. A demand notice under Section 8 of the IBC was issued, but no response was received. The Corporate Debtor failed to appear in court after notice was served, leading to ex parte proceedings. The Operational Creditor filed a petition under Section 9 of the IBC to initiate CIRP. The Operational Creditor did not propose an IRP. The relevance of these facts lies in establishing the debt, default, and the absence of any
…Sign in to view the parties.
Eonn Plast India Pvt. Ltd. received purchase…
HS Power Projects Pvt.…
The case involves an application by Eonn Plast India Pvt. Ltd., an Operational Creditor, to initiate the Corporate Insolvency Resolution Process (CIRP) against HS Power Projects Pvt. Ltd., the Corporate Debtor, due to its inability to pay outstanding debts. Eonn Plast supplied HDPE pipes to HS Power Projects against purchase orders dated 2017-01-31. Invoices were raised for a total amount of Rs. 20,34,900, against which the Corporate Debtor made part payments on 2017-07-18 and 2017-08-01. Despite reminders, a balance of Rs. 9,48,204 remained unpaid. A demand notice under Section 8 of the Insolvency & Bankruptcy Code was issued but received no response, leading to the filing of the petition.
Eonn Plast India Pvt. Ltd. (Operational Creditor) supplied HDPE pipes to HS Power Projects Pvt. Ltd. (Corporate Debtor) based on purchase orders dated 2017-01-31. Invoices totaling Rs. 20,34,900 were raised for the deliveries. The Corporate Debtor made partial payments on 2017-07-18 and 2017-08-01. A balance of Rs. 9,48,204 remained unpaid despite reminders. A demand notice under Section 8 of the IBC was issued, but no response was received. The Corporate Debtor failed to appear in court after notice was served, leading to ex parte proceedings. The Operational Creditor filed a petition under Section 9 of the IBC to initiate CIRP. The Operational Creditor did not propose an IRP. The relevance of these facts lies in establishing the debt, default, and the absence of any
…Eonn Plast India Pvt. Ltd. received purchase…
HS Power Projects Pvt.…