The case involves an application filed by Elomatic-Pharmalab Consulting and Engineering Private Limited (Operational Creditor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against V-Ensure Pharma Technologies Private Limited (Corporate Debtor). The Operational Creditor claimed a default of Rs. 36,55,050/- with the date of default being 15.11.2019, arising from engineering consultancy services provided to the Corporate Debtor. The Corporate Debtor contested the claim, alleging deficiencies in the services provided and a pre-existing dispute.
Elomatic-Pharmalab Consulting and Engineering Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against V-Ensure Pharma Technologies Private Limited (Corporate Debtor). The Operational Creditor claimed a default of Rs. 36,55,050/-, with the date of default being 15.11.2019. The claim arose from engineering consultancy services provided by the Operational Creditor to the Corporate Debtor for a Greenfield Tablet & capsules mfg facility. The Corporate Debtor issued a purchase order for Rs. 30,00,000/- plus GST. The Operational Creditor raised invoices, some of which were paid by the Corporate Debtor. However, the final invoice dated
…Sign in to view the parties.
The date on which the Corporate Debtor…
The Operational Creditor issued a Demand Notice…
The case involves an application filed by Elomatic-Pharmalab Consulting and Engineering Private Limited (Operational Creditor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against V-Ensure Pharma Technologies Private Limited (Corporate Debtor). The Operational Creditor claimed a default of Rs. 36,55,050/- with the date of default being 15.11.2019, arising from engineering consultancy services provided to the Corporate Debtor. The Corporate Debtor contested the claim, alleging deficiencies in the services provided and a pre-existing dispute.
Elomatic-Pharmalab Consulting and Engineering Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against V-Ensure Pharma Technologies Private Limited (Corporate Debtor). The Operational Creditor claimed a default of Rs. 36,55,050/-, with the date of default being 15.11.2019. The claim arose from engineering consultancy services provided by the Operational Creditor to the Corporate Debtor for a Greenfield Tablet & capsules mfg facility. The Corporate Debtor issued a purchase order for Rs. 30,00,000/- plus GST. The Operational Creditor raised invoices, some of which were paid by the Corporate Debtor. However, the final invoice dated
…The date on which the Corporate Debtor…
The Operational Creditor issued a Demand Notice…