The case involves an application filed by Satish Sahebro Deotale, an operational creditor, to initiate the Corporate Insolvency Resolution Process (CIRP) against Amerex Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed that the corporate debtor defaulted on payments amounting to Rs. 24,05,062/-. The corporate debtor argued that there was a pre-existing dispute and quality issues with the goods supplied.
Satish Sahebro Deotale, an operational creditor, filed an application to initiate CIRP against Amerex Private Limited, a corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed an outstanding debt of Rs. 24,05,062/-. The corporate debtor had been purchasing Mixer Grinders from the operational creditor since July 2019. The corporate debtor issued post-dated cheques that were dishonored. The operational creditor issued a demand notice under Section 8 of the Code on 18.11.2019. The corporate debtor made a part payment of Rs. 3,98,749/- after receiving the demand notice. During the pendency of the petition, the corporate debtor offered to pay Rs. 24,05,000/- as a settlement amount and entered into a memorandum of
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The corporate debtor…
Invoice no.…
The case involves an application filed by Satish Sahebro Deotale, an operational creditor, to initiate the Corporate Insolvency Resolution Process (CIRP) against Amerex Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed that the corporate debtor defaulted on payments amounting to Rs. 24,05,062/-. The corporate debtor argued that there was a pre-existing dispute and quality issues with the goods supplied.
Satish Sahebro Deotale, an operational creditor, filed an application to initiate CIRP against Amerex Private Limited, a corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed an outstanding debt of Rs. 24,05,062/-. The corporate debtor had been purchasing Mixer Grinders from the operational creditor since July 2019. The corporate debtor issued post-dated cheques that were dishonored. The operational creditor issued a demand notice under Section 8 of the Code on 18.11.2019. The corporate debtor made a part payment of Rs. 3,98,749/- after receiving the demand notice. During the pendency of the petition, the corporate debtor offered to pay Rs. 24,05,000/- as a settlement amount and entered into a memorandum of
…The corporate debtor…
Invoice no.…