M/s. Shenzhen Leader Power Technology Company Limited (Operational Creditor) filed a Section 9 IBC application against M/s. PuR Energy Pvt. Ltd. (Corporate Debtor) for an unpaid operational debt of Rs. 13,97,14,025/- for supplied electrical goods. The Corporate Debtor contested the application, claiming a pre-existing dispute regarding the poor quality of goods supplied, deficient after-sales service, and alleged illegal blocking of its systems by the Operational Creditor or its associate, Shenzhen Styler Electric Co. Ltd. The Corporate Debtor provided evidence of e-mail correspondence raising quality concerns, a legal notice seeking compensation, and various legal actions initiated against the Operational Creditor or its associate prior to the demand notice.
M/s. Shenzhen Leader Power Technology Company Limited (Operational Creditor) filed an application under Section 9 of the IBC against M/s. PuR Energy Pvt. Ltd. (Corporate Debtor).
The application seeks initiation of CIRP due to the Corporate Debtor's failure to pay an operational debt amounting to Rs. 13,97,14,025/-.
The Operational Creditor is a high-tech, green-energy enterprise engaged in the research and development (R&D), manufacturing, and sales of lithium-ion battery modules.
The Corporate Debtor approached the Operational Creditor for the supply of electrical goods and placed Purchase Order No. INPO/21-22/0684.
The Operational Creditor supplied electrical goods and raised invoices totaling $1,279,411.45.
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M/s. Shenzhen Leader Power Technology…
The Operational…
M/s. Shenzhen Leader Power Technology Company Limited (Operational Creditor) filed a Section 9 IBC application against M/s. PuR Energy Pvt. Ltd. (Corporate Debtor) for an unpaid operational debt of Rs. 13,97,14,025/- for supplied electrical goods. The Corporate Debtor contested the application, claiming a pre-existing dispute regarding the poor quality of goods supplied, deficient after-sales service, and alleged illegal blocking of its systems by the Operational Creditor or its associate, Shenzhen Styler Electric Co. Ltd. The Corporate Debtor provided evidence of e-mail correspondence raising quality concerns, a legal notice seeking compensation, and various legal actions initiated against the Operational Creditor or its associate prior to the demand notice.
M/s. Shenzhen Leader Power Technology Company Limited (Operational Creditor) filed an application under Section 9 of the IBC against M/s. PuR Energy Pvt. Ltd. (Corporate Debtor).
The application seeks initiation of CIRP due to the Corporate Debtor's failure to pay an operational debt amounting to Rs. 13,97,14,025/-.
The Operational Creditor is a high-tech, green-energy enterprise engaged in the research and development (R&D), manufacturing, and sales of lithium-ion battery modules.
The Corporate Debtor approached the Operational Creditor for the supply of electrical goods and placed Purchase Order No. INPO/21-22/0684.
The Operational Creditor supplied electrical goods and raised invoices totaling $1,279,411.45.
…M/s. Shenzhen Leader Power Technology…
The Operational…