The case pertains to an application filed by Autonix Lighting Industries Private Limited (the Applicant/Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Moser Baer Electronics Limited (the Respondent/Corporate Debtor). The applicant claims that the corporate debtor defaulted in making payments for the supply of LED tube lights and drivers, leading to an outstanding operational debt.
Autonix Lighting Industries Private Limited (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Moser Baer Electronics Limited (the corporate debtor). The applicant is a private limited company incorporated on 18.05.2006. The corporate debtor is also a limited company incorporated on 14.09.2006. During their business relationship, the corporate debtor placed purchase orders with the applicant for LED tube lights and drivers. The applicant supplied the goods and raised invoices, with payment terms requiring the corporate debtor to make payments within 45 days of delivery. The corporate debtor defaulted on payments, leading to an outstanding debt of Rs.
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Autonix Lighting…
Moser Baer Ele…
The case pertains to an application filed by Autonix Lighting Industries Private Limited (the Applicant/Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Moser Baer Electronics Limited (the Respondent/Corporate Debtor). The applicant claims that the corporate debtor defaulted in making payments for the supply of LED tube lights and drivers, leading to an outstanding operational debt.
Autonix Lighting Industries Private Limited (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Moser Baer Electronics Limited (the corporate debtor). The applicant is a private limited company incorporated on 18.05.2006. The corporate debtor is also a limited company incorporated on 14.09.2006. During their business relationship, the corporate debtor placed purchase orders with the applicant for LED tube lights and drivers. The applicant supplied the goods and raised invoices, with payment terms requiring the corporate debtor to make payments within 45 days of delivery. The corporate debtor defaulted on payments, leading to an outstanding debt of Rs.
…Autonix Lighting…
Moser Baer Ele…