The Respondent, a German Company (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code,2016 against Indian Company, M/s. Excel Metal Processors Ltd., alleging that the " Corporate Debtor" has committed default in making payment to an extent of US$1,258,2019.42 inclusive of interest @15% p.a.
source https://www.caclubindia.com/articles/whether-german-company-can-file-application-under-sec-9-of-ibc-2016-46893.asp
source https://www.caclubindia.com/articles/whether-german-company-can-file-application-under-sec-9-of-ibc-2016-46893.asp
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