The case involves an application filed by Gauder & Co. S.A. (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Isinox Limited (Corporate Debtor). The Operational Creditor, a Belgian company, claimed that the Corporate Debtor defaulted on payments for machinery supplied under a contract dated 04.11.2015. The Corporate Debtor initially made payments but later defaulted, leading to the issuance of a demand notice and subsequent application for CIRP.
Gauder & Co. S.A. (Operational Creditor), a Belgian company, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Isinox Limited (Corporate Debtor). A contract dated 04.11.2015 was entered into between Gaudery Immo S.A. (later replaced by Gauder & Co. S.A.) and Isinox Limited for the supply of cable manufacturing equipment. An invoice was raised on 24.11.2015, and the equipment was delivered on 03.12.2015. The Corporate Debtor was to make payments in installments. The Corporate Debtor made initial payments but defaulted on installments from 28.02.2019. The total outstanding amount was EUR 142,045.86 excluding interest. Gaudery Immo S.A. transferred its rights and
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Contract between Gaudery Immo S.A. and Isinox…
Invoice raised on the…
The case involves an application filed by Gauder & Co. S.A. (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Isinox Limited (Corporate Debtor). The Operational Creditor, a Belgian company, claimed that the Corporate Debtor defaulted on payments for machinery supplied under a contract dated 04.11.2015. The Corporate Debtor initially made payments but later defaulted, leading to the issuance of a demand notice and subsequent application for CIRP.
Gauder & Co. S.A. (Operational Creditor), a Belgian company, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Isinox Limited (Corporate Debtor). A contract dated 04.11.2015 was entered into between Gaudery Immo S.A. (later replaced by Gauder & Co. S.A.) and Isinox Limited for the supply of cable manufacturing equipment. An invoice was raised on 24.11.2015, and the equipment was delivered on 03.12.2015. The Corporate Debtor was to make payments in installments. The Corporate Debtor made initial payments but defaulted on installments from 28.02.2019. The total outstanding amount was EUR 142,045.86 excluding interest. Gaudery Immo S.A. transferred its rights and
…Contract between Gaudery Immo S.A. and Isinox…
Invoice raised on the…