The case involves a Company Petition filed by M/s. Amber Enterprises India Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Esaplling Pvt Ltd. (Corporate Debtor). The Operational Creditor claimed an operational debt of Rs. 1,09,45,873/- as of 17.07.2020, including a principal amount of Rs. 91,05,344/- and interest of Rs. 18,40,529/-. The Corporate Debtor argued that the petition was not maintainable due to non-compliance with Section 4 of the IBC, 2016, and Section 10A of the IBC, 2016.
In May 2019, Esaplling Private Limited (Corporate Debtor) approached Amber Enterprises India Limited (Operational Creditor) for the supply of air conditioners. The Corporate Debtor placed purchase orders dated 06.05.2019 and 25.05.2019. The Operational Creditor delivered the air conditioners and raised invoices dated 15.05.2019, 19.05.2019, 27.05.2019, and 29.05.2019. The invoices stipulated that payment was due within 10 days of the invoice date, with an 18% per annum interest charge for late payments. The Corporate Debtor admitted liability via email dated 04.09.2019. The Operational Creditor requested payment via email dated 25.11.2019, but the Corporate Debtor failed to make the payment. The Operational Creditor served a demand notice on 04.08.2020. The Corporate
…Sign in to view the parties.
Corporate Debtor placed…
Corporate Debtor placed…
The case involves a Company Petition filed by M/s. Amber Enterprises India Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Esaplling Pvt Ltd. (Corporate Debtor). The Operational Creditor claimed an operational debt of Rs. 1,09,45,873/- as of 17.07.2020, including a principal amount of Rs. 91,05,344/- and interest of Rs. 18,40,529/-. The Corporate Debtor argued that the petition was not maintainable due to non-compliance with Section 4 of the IBC, 2016, and Section 10A of the IBC, 2016.
In May 2019, Esaplling Private Limited (Corporate Debtor) approached Amber Enterprises India Limited (Operational Creditor) for the supply of air conditioners. The Corporate Debtor placed purchase orders dated 06.05.2019 and 25.05.2019. The Operational Creditor delivered the air conditioners and raised invoices dated 15.05.2019, 19.05.2019, 27.05.2019, and 29.05.2019. The invoices stipulated that payment was due within 10 days of the invoice date, with an 18% per annum interest charge for late payments. The Corporate Debtor admitted liability via email dated 04.09.2019. The Operational Creditor requested payment via email dated 25.11.2019, but the Corporate Debtor failed to make the payment. The Operational Creditor served a demand notice on 04.08.2020. The Corporate
…Corporate Debtor placed…
Corporate Debtor placed…