The petitioner filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, alleging that the corporate debtor defaulted on payments for invoices, and sought to initiate Corporate Insolvency Resolution Process.
Overseas Packing Industries Pvt Ltd (Petitioner) filed a petition under section 9 of the Insolvency & Bankruptcy Code, 2016, against Sify Technologies Ltd (Corporate Debtor). The Petitioner claimed that the Corporate Debtor defaulted on payments totaling ₹14,91,508.20, plus interest of ₹1,65,025, for invoices issued by the Petitioner. Consequently, the Petitioner sought the initiation of the Corporate Insolvency Resolution Process against the Corporate Debtor due to this alleged default. Upon reviewing the records, the National Company Law Tribunal (NCLT) found no evidence of any work order or agreement between the Petitioner and the Corporate Debtor. Furthermore, the invoices that the Petitioner claimed were raised against the Corporate Debtor were, in fact,
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The attendance cum order sheet of the hearing…
The petitioner filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, alleging that the corporate debtor defaulted on payments for invoices, and sought to initiate Corporate Insolvency Resolution Process.
Overseas Packing Industries Pvt Ltd (Petitioner) filed a petition under section 9 of the Insolvency & Bankruptcy Code, 2016, against Sify Technologies Ltd (Corporate Debtor). The Petitioner claimed that the Corporate Debtor defaulted on payments totaling ₹14,91,508.20, plus interest of ₹1,65,025, for invoices issued by the Petitioner. Consequently, the Petitioner sought the initiation of the Corporate Insolvency Resolution Process against the Corporate Debtor due to this alleged default. Upon reviewing the records, the National Company Law Tribunal (NCLT) found no evidence of any work order or agreement between the Petitioner and the Corporate Debtor. Furthermore, the invoices that the Petitioner claimed were raised against the Corporate Debtor were, in fact,
…The attendance cum order sheet of the hearing…