JPC Enterprises filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Jagson International Ltd. for defaulting on a payment of Rs. 11,60,612, which includes interest at 18% for services rendered. JPC Enterprises claimed that Jagson International Ltd. engaged them to supply service engineers for cutting dryer installation. A quotation was requested on 2015-12-15 and submitted via email. Jagson International Ltd. accepted the quotation on 2015-02-20 and requested JPC Enterprises to send a team to initiate work. JPC Enterprises completed the work and sent an invoice for Rs. 7,20,000 on 2015-04-28. Despite accepting liability and repeated requests, Jagson International Ltd.
…JPC Enterprises claimed that Jagson International Ltd. engaged them to supply service engineers for cutting dryer installation at Jagson Rig DS Fortune. Jagson International Ltd. requested a quotation on 2015-12-15, which JPC Enterprises submitted via email. Jagson International Ltd. accepted the quotation on 2015-02-20 and requested JPC Enterprises to send a team to initiate work. JPC Enterprises completed the work and sent an invoice for Rs. 7,20,000 on 2015-04-28. JPC Enterprises alleged that Jagson International Ltd. booked an invoice of Rs. 7,20,000 for TDS and deposited Rs. 12,816. JPC Enterprises sent a demand notice under Section 8 of the Code on 2018-03-22, which Jagson International Ltd. received on 2018-03-24. Jagson International Ltd. requested a work
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JPC Enterprises filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Jagson International Ltd. for defaulting on a payment of Rs. 11,60,612, which includes interest at 18% for services rendered. JPC Enterprises claimed that Jagson International Ltd. engaged them to supply service engineers for cutting dryer installation. A quotation was requested on 2015-12-15 and submitted via email. Jagson International Ltd. accepted the quotation on 2015-02-20 and requested JPC Enterprises to send a team to initiate work. JPC Enterprises completed the work and sent an invoice for Rs. 7,20,000 on 2015-04-28. Despite accepting liability and repeated requests, Jagson International Ltd.
…JPC Enterprises claimed that Jagson International Ltd. engaged them to supply service engineers for cutting dryer installation at Jagson Rig DS Fortune. Jagson International Ltd. requested a quotation on 2015-12-15, which JPC Enterprises submitted via email. Jagson International Ltd. accepted the quotation on 2015-02-20 and requested JPC Enterprises to send a team to initiate work. JPC Enterprises completed the work and sent an invoice for Rs. 7,20,000 on 2015-04-28. JPC Enterprises alleged that Jagson International Ltd. booked an invoice of Rs. 7,20,000 for TDS and deposited Rs. 12,816. JPC Enterprises sent a demand notice under Section 8 of the Code on 2018-03-22, which Jagson International Ltd. received on 2018-03-24. Jagson International Ltd. requested a work
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