The case involves a company petition filed by M/s. Pohoja Print Solutions Private Limited (Operational Creditor) against M/s. Nova Electro Magnetics Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor provided printing services to the Corporate Debtor for its annual reports for the financial year 2013-2014. The Corporate Debtor failed to make the payment for the services rendered, leading to the issuance of demand notices and a statutory notice under Section 433 of the Companies Act, 1956. The Operational Creditor had previously filed a winding-up petition before the Hon'ble High Court of Madras, which was later withdrawn based on the Corporate Debtor's agreement to pay the principal amount due. A cheque
…M/s. Pohoja Print Solutions Private Limited (Operational Creditor) filed a petition against M/s. Nova Electro Magnetics Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor provided printing services to the Corporate Debtor for its annual reports for the financial year 2013-2014, pursuant to a quotation dated 14.011.2014. An invoice dated 28.12.2014 was raised for the services rendered. The Corporate Debtor failed to make the payment, leading to the issuance of a demand notice dated 03.03.2015. The Corporate Debtor admitted the liability on 10.04.2015 but stated inability to pay due to financial constraints. A statutory notice under Section 433 of the Companies Act, 1956, was issued on 16.05.2015. The
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The case involves a company petition filed by M/s. Pohoja Print Solutions Private Limited (Operational Creditor) against M/s. Nova Electro Magnetics Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor provided printing services to the Corporate Debtor for its annual reports for the financial year 2013-2014. The Corporate Debtor failed to make the payment for the services rendered, leading to the issuance of demand notices and a statutory notice under Section 433 of the Companies Act, 1956. The Operational Creditor had previously filed a winding-up petition before the Hon'ble High Court of Madras, which was later withdrawn based on the Corporate Debtor's agreement to pay the principal amount due. A cheque
…M/s. Pohoja Print Solutions Private Limited (Operational Creditor) filed a petition against M/s. Nova Electro Magnetics Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor provided printing services to the Corporate Debtor for its annual reports for the financial year 2013-2014, pursuant to a quotation dated 14.011.2014. An invoice dated 28.12.2014 was raised for the services rendered. The Corporate Debtor failed to make the payment, leading to the issuance of a demand notice dated 03.03.2015. The Corporate Debtor admitted the liability on 10.04.2015 but stated inability to pay due to financial constraints. A statutory notice under Section 433 of the Companies Act, 1956, was issued on 16.05.2015. The
…The petitioner served a quotation to the…
The petitioner raised…