This case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking the initiation of the Corporate Insolvency Resolution Process (CIRP) against the respondent, P.G. Micro Systems Private Limited. The operational creditor, Softtech Computers Delhi Limited, claimed that the corporate debtor owed them Rs. 28,40,966/- for goods (laptops and desktops of Dell) supplied as per their arrangement. The corporate debtor allegedly issued a cheque for Rs. 28,00,092/- which was later dishonored due to 'payment stopped by drawer'. A demand notice was issued under Section 8 of the IBC, but the corporate debtor disputed the debt, alleging
…Softtech Computers Delhi Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against P.G. Micro Systems Private Limited (Corporate Debtor) for a default of Rs. 28,40,966/-. The debt arose from the supply of laptops and desktops of Dell to the Corporate Debtor. Invoices were raised for the goods supplied between 02.04.2015 and 25.12.2015. The Corporate Debtor issued a cheque dated 31.03.2016 for Rs. 28,00,092/- which was dishonored due to 'payment stopped by drawer'. The Operational Creditor issued a demand notice dated 05.11.2018 under Section 8 of the IBC. The Corporate Debtor claimed that there was a pending dispute under Section 138 of the Negotiable Instruments Act, 1881, and alleged misuse of the cheque. The
…Sign in to view the parties.
Goods were supplied and…
The Corporate Debtor issued a cheque bearing…
This case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking the initiation of the Corporate Insolvency Resolution Process (CIRP) against the respondent, P.G. Micro Systems Private Limited. The operational creditor, Softtech Computers Delhi Limited, claimed that the corporate debtor owed them Rs. 28,40,966/- for goods (laptops and desktops of Dell) supplied as per their arrangement. The corporate debtor allegedly issued a cheque for Rs. 28,00,092/- which was later dishonored due to 'payment stopped by drawer'. A demand notice was issued under Section 8 of the IBC, but the corporate debtor disputed the debt, alleging
…Softtech Computers Delhi Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against P.G. Micro Systems Private Limited (Corporate Debtor) for a default of Rs. 28,40,966/-. The debt arose from the supply of laptops and desktops of Dell to the Corporate Debtor. Invoices were raised for the goods supplied between 02.04.2015 and 25.12.2015. The Corporate Debtor issued a cheque dated 31.03.2016 for Rs. 28,00,092/- which was dishonored due to 'payment stopped by drawer'. The Operational Creditor issued a demand notice dated 05.11.2018 under Section 8 of the IBC. The Corporate Debtor claimed that there was a pending dispute under Section 138 of the Negotiable Instruments Act, 1881, and alleged misuse of the cheque. The
…Goods were supplied and…
The Corporate Debtor issued a cheque bearing…