The case involves an application filed by ETA Engineering Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Ebullient Cables Private Limited (Corporate Debtor) due to a default in payment of Rs. 22,26,588/-. The default was related to a purchase order for supply and laying of cables for a project undertaken by the Operational Creditor for Paschimanchal Vidyut Vitran Nigam Limited (PVVNL). The Operational Creditor made advance payments to the Corporate Debtor, but the Corporate Debtor failed to provide the materials or return the advance amount. The Operational Creditor issued a demand notice, but the Corporate Debtor neither made the payment nor filed
…ETA Engineering Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Ebullient Cables Private Limited (Corporate Debtor). The Operational Creditor raised a Purchase Order (P.O.) bearing No. N700/161 dated 2017-03-30 upon the Corporate Debtor for supply and laying of cables in a project undertaken by the Operational Creditor for Paschimanchal Vidyut Vitran Nigam Limited (PVVNL). The Operational Creditor made advance payments totaling Rs. 21,76,588/- to the Corporate Debtor via cheque nos. 517235 and 517233, both dated 2017-04-29, which were encashed by the Corporate Debtor. The Corporate Debtor received an inspection call letter dated
…Sign in to view the parties.
Operational Creditor raised a Purchase Order…
Operational Creditor made advance payments…
The case involves an application filed by ETA Engineering Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Ebullient Cables Private Limited (Corporate Debtor) due to a default in payment of Rs. 22,26,588/-. The default was related to a purchase order for supply and laying of cables for a project undertaken by the Operational Creditor for Paschimanchal Vidyut Vitran Nigam Limited (PVVNL). The Operational Creditor made advance payments to the Corporate Debtor, but the Corporate Debtor failed to provide the materials or return the advance amount. The Operational Creditor issued a demand notice, but the Corporate Debtor neither made the payment nor filed
…ETA Engineering Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Ebullient Cables Private Limited (Corporate Debtor). The Operational Creditor raised a Purchase Order (P.O.) bearing No. N700/161 dated 2017-03-30 upon the Corporate Debtor for supply and laying of cables in a project undertaken by the Operational Creditor for Paschimanchal Vidyut Vitran Nigam Limited (PVVNL). The Operational Creditor made advance payments totaling Rs. 21,76,588/- to the Corporate Debtor via cheque nos. 517235 and 517233, both dated 2017-04-29, which were encashed by the Corporate Debtor. The Corporate Debtor received an inspection call letter dated
…Operational Creditor raised a Purchase Order…
Operational Creditor made advance payments…