The case involves a petition filed by Bathla Teletech Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Perfect Mobile and Communications Private Limited (Corporate Debtor) for failing to pay a total sum of Rs. 18,54,800/-. The Operational Creditor claimed to have supplied 199 pieces of Telephone Sets to the Corporate Debtor vide purchase order dated 04.04.2019. The date of default was 23.05.2019. The Operational Creditor served a Demand Notice in Form 3 dated 07.02.2020 to the Corporate Debtor. The Corporate Debtor acknowledged the purchase but cited business slowdown and COVID-19 as reasons for non-payment.
Bathla Teletech Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Perfect Mobile and Communications Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor failed to pay a total sum of Rs. 18,54,800/- for 199 pieces of Telephone Sets supplied vide purchase order dated 04.04.2019. The last date of invoice was 24.04.2019, and the date of default was 23.05.2019. The Operational Creditor served a Demand Notice in Form 3 dated 07.02.2020. The Corporate Debtor acknowledged the purchase but cited business slowdown and COVID-19 as reasons for non-payment. The Corporate Debtor also contended that the
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Perfect Mobile and…
Purchase order for…
The case involves a petition filed by Bathla Teletech Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Perfect Mobile and Communications Private Limited (Corporate Debtor) for failing to pay a total sum of Rs. 18,54,800/-. The Operational Creditor claimed to have supplied 199 pieces of Telephone Sets to the Corporate Debtor vide purchase order dated 04.04.2019. The date of default was 23.05.2019. The Operational Creditor served a Demand Notice in Form 3 dated 07.02.2020 to the Corporate Debtor. The Corporate Debtor acknowledged the purchase but cited business slowdown and COVID-19 as reasons for non-payment.
Bathla Teletech Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Perfect Mobile and Communications Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor failed to pay a total sum of Rs. 18,54,800/- for 199 pieces of Telephone Sets supplied vide purchase order dated 04.04.2019. The last date of invoice was 24.04.2019, and the date of default was 23.05.2019. The Operational Creditor served a Demand Notice in Form 3 dated 07.02.2020. The Corporate Debtor acknowledged the purchase but cited business slowdown and COVID-19 as reasons for non-payment. The Corporate Debtor also contended that the
…Perfect Mobile and…
Purchase order for…