Rashi Peripherals Private Limited, the 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, the Corporate Debtor, due to unpaid operational debt. The Operational Creditor claimed a total amount of Rs. 3,13,58,771.72, with the date of default mentioned as 08.09.2020. The Adjudicating Authority initially rejected the petition, but the order was set aside by the NCLAT. The NCLAT held that the petition was not barred by Section 10A of the Code, as the last invoice was issued on 26.09.2019, and the payment was due before 25.03.2020.
Rashi Peripherals Private Limited (Operational Creditor) filed a petition against Savera Digital India Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP due to unpaid operational debt. The Corporate Debtor is a private limited company incorporated on 17.04.2013, with a nominal share capital of Rs. 50,00,000/- and a paid-up share capital of Rs. 36,67,500/-. The Operational Creditor supplied goods, including laptops, computers, hard-drives, accessories, peripherals, and IT 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
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Savera Digital India…
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Rashi Peripherals Private Limited, the 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, the Corporate Debtor, due to unpaid operational debt. The Operational Creditor claimed a total amount of Rs. 3,13,58,771.72, with the date of default mentioned as 08.09.2020. The Adjudicating Authority initially rejected the petition, but the order was set aside by the NCLAT. The NCLAT held that the petition was not barred by Section 10A of the Code, as the last invoice was issued on 26.09.2019, and the payment was due before 25.03.2020.
Rashi Peripherals Private Limited (Operational Creditor) filed a petition against Savera Digital India Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP due to unpaid operational debt. The Corporate Debtor is a private limited company incorporated on 17.04.2013, with a nominal share capital of Rs. 50,00,000/- and a paid-up share capital of Rs. 36,67,500/-. The Operational Creditor supplied goods, including laptops, computers, hard-drives, accessories, peripherals, and IT 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
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Discussions took place between the parties in…