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 a default of Rs. 24,05,062/-. The corporate debtor argued that there was a pre-existing dispute and quality issues with the goods supplied. The operational creditor refuted these claims, stating that the corporate debtor had admitted the debt and made part payments.
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 that the corporate debtor defaulted on payments amounting to Rs. 24,05,062/-. The operational creditor is a partnership firm engaged in manufacturing electrical equipment. The corporate debtor had been purchasing Mixer Grinders from the operational creditor since July 2019. The corporate debtor issued post-dated cheques (PDCs) that were dishonored. The applicant 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. The corporate debtor
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Corporate debtor…
Invoice No. 09 was…
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 a default of Rs. 24,05,062/-. The corporate debtor argued that there was a pre-existing dispute and quality issues with the goods supplied. The operational creditor refuted these claims, stating that the corporate debtor had admitted the debt and made part payments.
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 that the corporate debtor defaulted on payments amounting to Rs. 24,05,062/-. The operational creditor is a partnership firm engaged in manufacturing electrical equipment. The corporate debtor had been purchasing Mixer Grinders from the operational creditor since July 2019. The corporate debtor issued post-dated cheques (PDCs) that were dishonored. The applicant 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. The corporate debtor
…Corporate debtor…
Invoice No. 09 was…