The case originates from an application filed on 2019-12-19 by ETA Engineering Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Ebullient Cables Private Limited, the Corporate Debtor, due to a default in payment of Rs. 22,26,588/-. The default date was 2017-06-21. The Operational Creditor had raised a purchase order on the Corporate Debtor for supply and laying of cables for a project undertaken by the Operational Creditor. Advance payments were made, but the Corporate Debtor neither provided the material nor returned the advance amount. A demand notice was issued, but the Corporate Debtor failed to respond. The Operational Creditor relied
…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 application was filed on 2019-12-19, claiming a default of Rs. 22,26,588/- with the date of default being 2017-06-21. The Operational Creditor had issued a purchase order to the Corporate Debtor for supply and laying of cables for a project undertaken by the Operational Creditor. The Operational Creditor made advance payments totaling Rs. 21,76,588/- to the Corporate Debtor. The Corporate Debtor received an inspection call but failed to provide the requisite material. The Corporate Debtor neither provided the
…Sign in to view the parties.
Operational Creditor raised a Purchase Order…
Operational Creditor made advance payments…
The case originates from an application filed on 2019-12-19 by ETA Engineering Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Ebullient Cables Private Limited, the Corporate Debtor, due to a default in payment of Rs. 22,26,588/-. The default date was 2017-06-21. The Operational Creditor had raised a purchase order on the Corporate Debtor for supply and laying of cables for a project undertaken by the Operational Creditor. Advance payments were made, but the Corporate Debtor neither provided the material nor returned the advance amount. A demand notice was issued, but the Corporate Debtor failed to respond. The Operational Creditor relied
…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 application was filed on 2019-12-19, claiming a default of Rs. 22,26,588/- with the date of default being 2017-06-21. The Operational Creditor had issued a purchase order to the Corporate Debtor for supply and laying of cables for a project undertaken by the Operational Creditor. The Operational Creditor made advance payments totaling Rs. 21,76,588/- to the Corporate Debtor. The Corporate Debtor received an inspection call but failed to provide the requisite material. The Corporate Debtor neither provided the
…Operational Creditor raised a Purchase Order…
Operational Creditor made advance payments…