The case involves an application filed by M/s. Clavecon (India) Private Limited, the Operational Creditor (OC), under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC), to initiate the Corporate Insolvency Resolution Process (CIRP) against Saldar Infrastructure & Contracts Private Limited, the Corporate Debtor (CD). The debt claimed arises from the supply of goods by the OC to the CD, based on tax invoices raised between 04.02.2017 and 16.02.2017, totaling Rs. 7,76,987.00, including a principal amount of Rs. 4,95,282.00 and interest calculated at 24% per annum. The OC stated the date of default as 26.06.2019.
M/s. Clavecon (India) 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 Saldar Infrastructure & Contracts Private Limited (Corporate Debtor). The claim arose from the supply of goods by the OC to the CD. The OC raised six tax invoices between 04.02.2017 and 16.02.2017, claiming a total outstanding amount of Rs. 7,76,987.00, including a principal amount of Rs. 4,95,282.00 and interest at 24% per annum. The OC stated the date of default as 26.06.2019. The Corporate Debtor (CD) filed a reply on the NCLT portal on 26.04.2023, raising disputes regarding the quality of goods supplied, claiming they were sub-standard and caused cracks
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Date of purchase order…
First tax invoice…
The case involves an application filed by M/s. Clavecon (India) Private Limited, the Operational Creditor (OC), under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC), to initiate the Corporate Insolvency Resolution Process (CIRP) against Saldar Infrastructure & Contracts Private Limited, the Corporate Debtor (CD). The debt claimed arises from the supply of goods by the OC to the CD, based on tax invoices raised between 04.02.2017 and 16.02.2017, totaling Rs. 7,76,987.00, including a principal amount of Rs. 4,95,282.00 and interest calculated at 24% per annum. The OC stated the date of default as 26.06.2019.
M/s. Clavecon (India) 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 Saldar Infrastructure & Contracts Private Limited (Corporate Debtor). The claim arose from the supply of goods by the OC to the CD. The OC raised six tax invoices between 04.02.2017 and 16.02.2017, claiming a total outstanding amount of Rs. 7,76,987.00, including a principal amount of Rs. 4,95,282.00 and interest at 24% per annum. The OC stated the date of default as 26.06.2019. The Corporate Debtor (CD) filed a reply on the NCLT portal on 26.04.2023, raising disputes regarding the quality of goods supplied, claiming they were sub-standard and caused cracks
…Date of purchase order…
First tax invoice…