The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Rashi Peripherals Private Limited (Operational Creditor) to initiate Corporate Insolvency Resolution Process (CIRP) against Savera Digital India Private Limited (Corporate Debtor). The Operational Creditor claims that the Corporate Debtor defaulted on payments amounting to Rs. 3,13,58,771.72, with the date of default being 08.09.2020. The Adjudicating Authority initially rejected the petition, but the order was set aside by the NCLAT. The NCLT then re-examined the case, finding that the petition was within the limitation period and that the Corporate Debtor had acknowledged the debt on several occasions.
Rashi Peripherals Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Savera Digital India Private Limited (Corporate Debtor). The Corporate Debtor is a private limited company incorporated on 17.04.2013. The Operational Creditor supplied laptops, computers, hard-drives, accessories, peripherals, IT and allied products to the Corporate Debtor. The total amount claimed to be in default is Rs. 3,13,58,771.72, with the date of default mentioned as 08.09.2020. The Operational Creditor relied on invoices, acknowledgements of debt, and a cheque issued by the Corporate Debtor. The Corporate Debtor made on account payments but eventually failed to
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Savera Digital India…
The date of de…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Rashi Peripherals Private Limited (Operational Creditor) to initiate Corporate Insolvency Resolution Process (CIRP) against Savera Digital India Private Limited (Corporate Debtor). The Operational Creditor claims that the Corporate Debtor defaulted on payments amounting to Rs. 3,13,58,771.72, with the date of default being 08.09.2020. The Adjudicating Authority initially rejected the petition, but the order was set aside by the NCLAT. The NCLT then re-examined the case, finding that the petition was within the limitation period and that the Corporate Debtor had acknowledged the debt on several occasions.
Rashi Peripherals Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Savera Digital India Private Limited (Corporate Debtor). The Corporate Debtor is a private limited company incorporated on 17.04.2013. The Operational Creditor supplied laptops, computers, hard-drives, accessories, peripherals, IT and allied products to the Corporate Debtor. The total amount claimed to be in default is Rs. 3,13,58,771.72, with the date of default mentioned as 08.09.2020. The Operational Creditor relied on invoices, acknowledgements of debt, and a cheque issued by the Corporate Debtor. The Corporate Debtor made on account payments but eventually failed to
…Savera Digital India…
The date of de…