Endo Lighting Accessories (India) Pvt. Ltd. filed a Company Petition seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Shimera Project Lighting Private Limited, alleging default in payment. The petitioner claimed that the corporate debtor committed default on 21.10.2013 in making payment to the extent of Rs. 1,48,02,824/-, which included interest. The corporate debtor denied the liability, citing disputes and claiming the petitioner owed them Rs. 45 lacs. The petitioner had issued a demand notice on 20.02.2018 under section 8 of the Code, demanding a sum of Rs. 1,41,92,302/-.
Endo Lighting Accessories (India) Pvt. Ltd. (Petitioner) supplied lighting fixtures and equipment to Shimera Project Lighting Private Limited (Corporate Debtor) based on purchase orders and invoices. The Petitioner claimed the Corporate Debtor defaulted on a payment of Rs. 1,48,02,824/- on 21.10.2013, including interest. The Petitioner issued a demand notice on 20.02.2018. The Corporate Debtor denied the liability, stating the Petitioner owed them Rs. 45 lacs and citing a breach of agreement where the Petitioner allegedly approached the Corporate Debtor's key accounts directly. The Corporate Debtor also argued the claim was barred by limitation, with the last payment made on 26.03.2014 and the petition filed on 27.07.2018. The Petitioner argued that the Corporate
…Sign in to view the parties.
Corporate Debtor…
Corporate Debtor claimed Operational Creditor…
Endo Lighting Accessories (India) Pvt. Ltd. filed a Company Petition seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Shimera Project Lighting Private Limited, alleging default in payment. The petitioner claimed that the corporate debtor committed default on 21.10.2013 in making payment to the extent of Rs. 1,48,02,824/-, which included interest. The corporate debtor denied the liability, citing disputes and claiming the petitioner owed them Rs. 45 lacs. The petitioner had issued a demand notice on 20.02.2018 under section 8 of the Code, demanding a sum of Rs. 1,41,92,302/-.
Endo Lighting Accessories (India) Pvt. Ltd. (Petitioner) supplied lighting fixtures and equipment to Shimera Project Lighting Private Limited (Corporate Debtor) based on purchase orders and invoices. The Petitioner claimed the Corporate Debtor defaulted on a payment of Rs. 1,48,02,824/- on 21.10.2013, including interest. The Petitioner issued a demand notice on 20.02.2018. The Corporate Debtor denied the liability, stating the Petitioner owed them Rs. 45 lacs and citing a breach of agreement where the Petitioner allegedly approached the Corporate Debtor's key accounts directly. The Corporate Debtor also argued the claim was barred by limitation, with the last payment made on 26.03.2014 and the petition filed on 27.07.2018. The Petitioner argued that the Corporate
…Corporate Debtor…
Corporate Debtor claimed Operational Creditor…