HPL Electric & Power Ltd (Operational Creditor) filed an application under Section 9 of the IBC to initiate CIRP against CU Energies Limited (Corporate Debtor).

The Operational Creditor claimed a default amount of Rs. 4,93,27,461/- (Principal Amount Rs.4,51,32,230/- with an interest Amount Rs. 41,95,231/-).

The Operational Creditor supplied electric and electronic goods to the Corporate Debtor since 2019.

The applicant raised 47 invoices to the tune of Rs. 4,77,48,766/- which were issued during the period from 01.04.2022 to 31.12.2022.

The respondent issued two cheques of Rs. 2,41,67,466/- and Rs.2,09,64,764/- respectively, in favor of the applicant, however, the same got dishonored when presented for payment on 25.05.2023.

HPL Electric & Power Ltd (Operational Creditor) filed an application under Section 9 of the IBC to initiate CIRP against CU Energies Limited (Corporate Debtor).

The Operational Creditor claimed a default amount of Rs. 4,93,27,461/- (Principal Amount Rs.4,51,32,230/- with an interest Amount Rs. 41,95,231/-).

The Operational Creditor supplied electric and electronic goods to the Corporate Debtor since 2019.

The applicant raised 47 invoices to the tune of Rs. 4,77,48,766/- which were issued during the period from 01.04.2022 to 31.12.2022.

The respondent issued two cheques of Rs. 2,41,67,466/- and Rs.2,09,64,764/- respectively, in favor of the applicant, however, the same got dishonored when presented for payment on 25.05.2023.