The case involves an application filed by an Operational Creditor, Autocop (India) Pvt Ltd, against the Corporate Debtor, Nife Fire Systems Pvt Ltd, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an outstanding debt of Rs. 1,35,110/- as principal, with interest accruing to Rs. 1,75,177/- as of 20.07.2017. The Corporate Debtor had approached the Operational Creditor to supply Facility Security Products, placed a purchase order, and the Operational Creditor supplied the goods. An invoice was raised, and a cheque issued by the Corporate Debtor was returned due to insufficient funds.
Autocop (India) Pvt Ltd, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code (I&B Code), 2016, against Nife Fire Systems Pvt Ltd, the Corporate Debtor. The Operational Creditor claimed Rs. 1,35,110/- as the principal amount due, with interest accumulating to Rs. 1,75,177/- as of July 20, 2017. The Corporate Debtor had approached the Operational Creditor to supply Facility Security Products, and a purchase order was placed. The Operational Creditor supplied the products and raised an invoice. The Corporate Debtor issued a cheque for Rs. 1,35,110/-, which was returned due to 'insufficient funds'. The Operational Creditor sent a demand notice dated September 19, 2017, to the Corporate Debtor under Section 8 of the
…Sign in to view the parties.
The outstanding debt,…
The Operational Creditor sent a demand notice…
The case involves an application filed by an Operational Creditor, Autocop (India) Pvt Ltd, against the Corporate Debtor, Nife Fire Systems Pvt Ltd, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an outstanding debt of Rs. 1,35,110/- as principal, with interest accruing to Rs. 1,75,177/- as of 20.07.2017. The Corporate Debtor had approached the Operational Creditor to supply Facility Security Products, placed a purchase order, and the Operational Creditor supplied the goods. An invoice was raised, and a cheque issued by the Corporate Debtor was returned due to insufficient funds.
Autocop (India) Pvt Ltd, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code (I&B Code), 2016, against Nife Fire Systems Pvt Ltd, the Corporate Debtor. The Operational Creditor claimed Rs. 1,35,110/- as the principal amount due, with interest accumulating to Rs. 1,75,177/- as of July 20, 2017. The Corporate Debtor had approached the Operational Creditor to supply Facility Security Products, and a purchase order was placed. The Operational Creditor supplied the products and raised an invoice. The Corporate Debtor issued a cheque for Rs. 1,35,110/-, which was returned due to 'insufficient funds'. The Operational Creditor sent a demand notice dated September 19, 2017, to the Corporate Debtor under Section 8 of the
…The outstanding debt,…
The Operational Creditor sent a demand notice…