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 the 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 the MSME Act, 2006, directing the Corporate Debtor to pay Rs. 32,50,298/- along with interest. The Corporate Debtor contested the petition, stating that a dispute existed between the parties. The Corporate Debtor claimed that the Operational Creditor had not supplied the material ordered or furnished invoices with the details of excise duty and other taxes. The Corporate Debtor also argued that the Operational Creditor had not
…Sign in to view the parties.
Corporate Debtor placed orders to the…
Corporate Debtor placed orders to the…
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 the 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 the MSME Act, 2006, directing the Corporate Debtor to pay Rs. 32,50,298/- along with interest. The Corporate Debtor contested the petition, stating that a dispute existed between the parties. The Corporate Debtor claimed that the Operational Creditor had not supplied the material ordered or furnished invoices with the details of excise duty and other taxes. The Corporate Debtor also argued that the Operational Creditor had not
…Corporate Debtor placed orders to the…
Corporate Debtor placed orders to the…