The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Luminous Power Technologies Private Limited (Operational Creditor) against Ram Battery India Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt. The Operational Creditor claimed a sum of Rs. 18,46,197, including principal and interest, for goods dispatched to the Corporate Debtor. The Corporate Debtor contested the claim, alleging that some invoices were related to goods supplied to a third party, Murari Traders, and that payments had been made. The Operational Creditor refuted this claim, stating that the invoices in question were not part of the application and that any payments were
…Luminous Power Technologies Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Ram Battery India Private Limited (Corporate Debtor). The Operational Creditor claimed an outstanding operational debt of Rs. 18,46,197/-, including a principal sum of Rs. 14,66,710/- and interest of Rs. 3,79,487/-. The debt arose from the supply of electrical and ancillary equipment, including UPS, fans, modular switches, and wires. The Operational Creditor issued invoices for the goods dispatched between 29.07.2013 and 10.06.2019. The Corporate Debtor failed to clear the outstanding dues despite repeated requests. The Operational Creditor sent a demand
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M/s. Luminous Power Technologies Private…
Operational Creditor sent a Demand Notice in…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Luminous Power Technologies Private Limited (Operational Creditor) against Ram Battery India Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt. The Operational Creditor claimed a sum of Rs. 18,46,197, including principal and interest, for goods dispatched to the Corporate Debtor. The Corporate Debtor contested the claim, alleging that some invoices were related to goods supplied to a third party, Murari Traders, and that payments had been made. The Operational Creditor refuted this claim, stating that the invoices in question were not part of the application and that any payments were
…Luminous Power Technologies Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Ram Battery India Private Limited (Corporate Debtor). The Operational Creditor claimed an outstanding operational debt of Rs. 18,46,197/-, including a principal sum of Rs. 14,66,710/- and interest of Rs. 3,79,487/-. The debt arose from the supply of electrical and ancillary equipment, including UPS, fans, modular switches, and wires. The Operational Creditor issued invoices for the goods dispatched between 29.07.2013 and 10.06.2019. The Corporate Debtor failed to clear the outstanding dues despite repeated requests. The Operational Creditor sent a demand
…M/s. Luminous Power Technologies Private…
Operational Creditor sent a Demand Notice in…