The case involves a company petition filed by Expo Gas Containers Ltd (Operational Creditor) against NCC Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed default in payment based on an order received from the Government of Maharashtra Directorate of Industries, MSME Facilitation Centre, under MSME Act, 2006. The Corporate Debtor contested the petition, citing the existence of a dispute and non-compliance with the conditions laid down by the MSME Council.
Expo Gas Containers Ltd (Operational Creditor) filed a company petition against NCC Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming default in payment. The Operational Creditor had received an order from the Government of Maharashtra Directorate of Industries, MSME Facilitation Centre, under MSME Act, 2006, directing the Corporate Debtor to pay Rs. 32,50,298/- along with interest. The Corporate Debtor contended that there was a pre-existing dispute and that the Operational Creditor had not complied with the conditions laid down by the MSME Council. The Corporate Debtor had issued a letter requesting excise invoices and dispatch documents. The Operational Creditor argued that the Corporate Debtor had pre-closed the
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MSME Act…
Corporate Debtor placed…
The case involves a company petition filed by Expo Gas Containers Ltd (Operational Creditor) against NCC Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed default in payment based on an order received from the Government of Maharashtra Directorate of Industries, MSME Facilitation Centre, under MSME Act, 2006. The Corporate Debtor contested the petition, citing the existence of a dispute and non-compliance with the conditions laid down by the MSME Council.
Expo Gas Containers Ltd (Operational Creditor) filed a company petition against NCC Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming default in payment. The Operational Creditor had received an order from the Government of Maharashtra Directorate of Industries, MSME Facilitation Centre, under MSME Act, 2006, directing the Corporate Debtor to pay Rs. 32,50,298/- along with interest. The Corporate Debtor contended that there was a pre-existing dispute and that the Operational Creditor had not complied with the conditions laid down by the MSME Council. The Corporate Debtor had issued a letter requesting excise invoices and dispatch documents. The Operational Creditor argued that the Corporate Debtor had pre-closed the
…MSME Act…
Corporate Debtor placed…