Nestler Protec (India) Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Ecogreen Energy Lucknow Private Limited, the Corporate Debtor, due to unpaid operational debt. The Corporate Debtor allegedly defaulted on payments for conveyor systems, ballistic separators, and related hardware material supplied and erected by the Operational Creditor between January 2018 and August 2018. The Corporate Debtor raised four purchase orders, against which the Operational Creditor raised 04 bills from 16.02.2018 to 09.08.2018, totaling Rs.37,78,360/-. The Corporate Debtor did not pay any amount. The Corporate Debtor claimed that the supplies were
…Nestler Protec (India) Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Ecogreen Energy Lucknow Private Limited (Corporate Debtor) to initiate CIRP. The Operational Creditor claimed that the Corporate Debtor defaulted on payments totaling Rs. 37,78,360/- for conveyor systems, ballistic separators, and related hardware material supplied and erected between January 2018 and August 2018. Four purchase orders were raised by the Corporate Debtor, and the Operational Creditor raised 04 bills from 16.02.2018 to 09.08.2018. The Corporate Debtor did not pay any amount. A demand notice dated 08.02.2019 was issued by the Operational Creditor, and the Corporate Debtor replied on 14.03.2019, alleging that a police
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Operational Creditor supplied and erected…
The first invoice was…
Nestler Protec (India) Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Ecogreen Energy Lucknow Private Limited, the Corporate Debtor, due to unpaid operational debt. The Corporate Debtor allegedly defaulted on payments for conveyor systems, ballistic separators, and related hardware material supplied and erected by the Operational Creditor between January 2018 and August 2018. The Corporate Debtor raised four purchase orders, against which the Operational Creditor raised 04 bills from 16.02.2018 to 09.08.2018, totaling Rs.37,78,360/-. The Corporate Debtor did not pay any amount. The Corporate Debtor claimed that the supplies were
…Nestler Protec (India) Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Ecogreen Energy Lucknow Private Limited (Corporate Debtor) to initiate CIRP. The Operational Creditor claimed that the Corporate Debtor defaulted on payments totaling Rs. 37,78,360/- for conveyor systems, ballistic separators, and related hardware material supplied and erected between January 2018 and August 2018. Four purchase orders were raised by the Corporate Debtor, and the Operational Creditor raised 04 bills from 16.02.2018 to 09.08.2018. The Corporate Debtor did not pay any amount. A demand notice dated 08.02.2019 was issued by the Operational Creditor, and the Corporate Debtor replied on 14.03.2019, alleging that a police
…Operational Creditor supplied and erected…
The first invoice was…