The case involves an application filed by M/s. Su-Kam Power System Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, against M/s. Uniforce Energy Systems India Private Limited, the Corporate Debtor. The Operational Creditor claims to be in the business of manufacturing batteries and investors and had supplied goods to one of its distributors. The Corporate Debtor allegedly defaulted on payments amounting to Rs. 3,21,54,784.81/-. The Operational Creditor also claimed interest compounded at 24% per annum.
M/s. Su-Kam Power System Private Limited (Operational Creditor) filed an application under Section 9 of the IBC, 2016, against M/s. Uniforce Energy Systems India Private Limited (Corporate Debtor) for defaulting on payments. The Operational Creditor is engaged in manufacturing batteries and investors and supplied goods to a distributor. The Corporate Debtor allegedly defaulted on payments of Rs. 3,21,54,784.81/-, with a claim for additional interest at 24% per annum. The Operational Creditor sent a demand notice under Section 8 of the IBC, along with invoices and delivery receipts from April 2015 to April 2016. The Corporate Debtor tendered two cheques totaling Rs. 45,00,000/-, which were dishonored. The Operational Creditor complied with Section 9(3)(a), (b), and (c)
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Copies of invoices and delivery receipts from…
Copies of invoices and delivery receipts from…
The case involves an application filed by M/s. Su-Kam Power System Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, against M/s. Uniforce Energy Systems India Private Limited, the Corporate Debtor. The Operational Creditor claims to be in the business of manufacturing batteries and investors and had supplied goods to one of its distributors. The Corporate Debtor allegedly defaulted on payments amounting to Rs. 3,21,54,784.81/-. The Operational Creditor also claimed interest compounded at 24% per annum.
M/s. Su-Kam Power System Private Limited (Operational Creditor) filed an application under Section 9 of the IBC, 2016, against M/s. Uniforce Energy Systems India Private Limited (Corporate Debtor) for defaulting on payments. The Operational Creditor is engaged in manufacturing batteries and investors and supplied goods to a distributor. The Corporate Debtor allegedly defaulted on payments of Rs. 3,21,54,784.81/-, with a claim for additional interest at 24% per annum. The Operational Creditor sent a demand notice under Section 8 of the IBC, along with invoices and delivery receipts from April 2015 to April 2016. The Corporate Debtor tendered two cheques totaling Rs. 45,00,000/-, which were dishonored. The Operational Creditor complied with Section 9(3)(a), (b), and (c)
…Copies of invoices and delivery receipts from…
Copies of invoices and delivery receipts from…