The case involves a petition filed by Bikram Shukla, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Amtech Project & Product Pvt. Ltd., the Corporate Debtor. The Operational Creditor claims that the Corporate Debtor defaulted on payments for industrial items supplied on credit. The Corporate Debtor purchased gears, pinions, bevels, and other industrial items from the Operational Creditor. The terms of the credit agreement stipulated that the Corporate Debtor would be liable to pay interest at 21% per annum if payments were not made within 15 days of the invoice date. The Operational Creditor sent multiple emails requesting payments, and the Corporate Debtor
…Bikram Shukla, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Amtech Project & Product Pvt. Ltd., the Corporate Debtor. The Corporate Debtor was incorporated on 06.06.2002. The Operational Creditor is in the business of manufacturing and supplying gears, pinions, bevels, and other industrial items. The Corporate Debtor purchased these items on credit, with a condition to pay interest at 21% P.A. for delayed payments beyond 15 days. In July 2018, the Corporate Debtor requested price quotations for specific industrial items. The Operational Creditor supplied the items, and the Corporate Debtor sent purchase orders in August 2018. The Operational Creditor raised invoices and dispatched
…Sign in to view the parties.
Amtech Project &…
Corporate Debtor…
The case involves a petition filed by Bikram Shukla, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Amtech Project & Product Pvt. Ltd., the Corporate Debtor. The Operational Creditor claims that the Corporate Debtor defaulted on payments for industrial items supplied on credit. The Corporate Debtor purchased gears, pinions, bevels, and other industrial items from the Operational Creditor. The terms of the credit agreement stipulated that the Corporate Debtor would be liable to pay interest at 21% per annum if payments were not made within 15 days of the invoice date. The Operational Creditor sent multiple emails requesting payments, and the Corporate Debtor
…Bikram Shukla, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Amtech Project & Product Pvt. Ltd., the Corporate Debtor. The Corporate Debtor was incorporated on 06.06.2002. The Operational Creditor is in the business of manufacturing and supplying gears, pinions, bevels, and other industrial items. The Corporate Debtor purchased these items on credit, with a condition to pay interest at 21% P.A. for delayed payments beyond 15 days. In July 2018, the Corporate Debtor requested price quotations for specific industrial items. The Operational Creditor supplied the items, and the Corporate Debtor sent purchase orders in August 2018. The Operational Creditor raised invoices and dispatched
…Amtech Project &…
Corporate Debtor…