Epicrop Organics Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Cropberry Foods Private Limited, seeking initiation of the Corporate Insolvency Resolution Process (CIRP).
Epicrop Organics Limited ('Operational Creditor') filed a petition against Cropberry Foods Private Limited ('Corporate Debtor') under Section 9 of the IBC.
The Operational Creditor claimed a default of Rs. 1,67,44,116.22, including a principal amount of Rs. 1,60,93,000.00 and interest of Rs. 6,51,116.22.
The Corporate Debtor acknowledged the existence of the debt but claimed a pre-existing dispute regarding the quality of goods supplied.
The Corporate Debtor requested time to pay the outstanding dues, citing financial constraints.
The Operational Creditor issued a demand notice to the Corporate Debtor, which was duly delivered.
The NCLT, Jaipur Bench, found that the Corporate Debtor's defense of a pre-existing dispute was unsubstantiated.
Sign in to view the parties.
Cropberry Foods Private…
Claim relates to…
Epicrop Organics Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Cropberry Foods Private Limited, seeking initiation of the Corporate Insolvency Resolution Process (CIRP).
Epicrop Organics Limited ('Operational Creditor') filed a petition against Cropberry Foods Private Limited ('Corporate Debtor') under Section 9 of the IBC.
The Operational Creditor claimed a default of Rs. 1,67,44,116.22, including a principal amount of Rs. 1,60,93,000.00 and interest of Rs. 6,51,116.22.
The Corporate Debtor acknowledged the existence of the debt but claimed a pre-existing dispute regarding the quality of goods supplied.
The Corporate Debtor requested time to pay the outstanding dues, citing financial constraints.
The Operational Creditor issued a demand notice to the Corporate Debtor, which was duly delivered.
The NCLT, Jaipur Bench, found that the Corporate Debtor's defense of a pre-existing dispute was unsubstantiated.
Cropberry Foods Private…
Claim relates to…