The case involves a Company Petition (IB-339/ND/2020) filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Kunal Singh, an operational creditor, against M/s Amerex Private Limited, the corporate debtor. The operational creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to an alleged default of Rs. 68,33,055/- for supplying dry and steam irons. The corporate debtor raised objections, claiming a pre-existing dispute regarding the quality of goods supplied and non-compliance with the Legal Metrology Act, 2009.
Kunal Singh, an operational creditor and proprietor of M/s Kunal Enterprises, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s Amerex Private Limited, the corporate debtor. The claim was based on an alleged default of Rs. 68,33,055/- for supplying dry and steam irons. The operational creditor claimed to have sent a demand notice under Section 8 of the IBC. The corporate debtor contested the petition, asserting a pre-existing dispute concerning the quality of the goods, their non-compliance with the Legal Metrology Act, 2009, and the return of defective goods. The corporate debtor also raised a debit note for Rs. 11,29,968/-. The operational creditor had previously filed a case under Section 138 of the Negotiable
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The case involves a Company Petition (IB-339/ND/2020) filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Kunal Singh, an operational creditor, against M/s Amerex Private Limited, the corporate debtor. The operational creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to an alleged default of Rs. 68,33,055/- for supplying dry and steam irons. The corporate debtor raised objections, claiming a pre-existing dispute regarding the quality of goods supplied and non-compliance with the Legal Metrology Act, 2009.
Kunal Singh, an operational creditor and proprietor of M/s Kunal Enterprises, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s Amerex Private Limited, the corporate debtor. The claim was based on an alleged default of Rs. 68,33,055/- for supplying dry and steam irons. The operational creditor claimed to have sent a demand notice under Section 8 of the IBC. The corporate debtor contested the petition, asserting a pre-existing dispute concerning the quality of the goods, their non-compliance with the Legal Metrology Act, 2009, and the return of defective goods. The corporate debtor also raised a debit note for Rs. 11,29,968/-. The operational creditor had previously filed a case under Section 138 of the Negotiable
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