Ahluwalia Contracts (India) Limited filed an appeal against an order passed by the National Company Law Tribunal (NCLT), Kolkata, which rejected their application to initiate Corporate Insolvency Resolution Process (CIRP) against Shristi Infrastructure Development Corporation Limited.
Ahluwalia Contracts (India) Limited (Appellant) entered into an agreement with Shristi Infrastructure Development Corporation Limited (Respondent) on 25.04.2012 for executing civil works for a Five Star Hotel.
The Appellant completed the work on 31.08.2015 and submitted the final bill on 13.07.2016.
The Respondent issued a completion certificate dated 07.11.2016.
The Respondent's agent demanded a letter of Extension of Time (EOT) on 18.07.2019, despite the completion certificate.
The Appellant issued a demand notice under Section 8 of the IBC on 26.09.2020 due to non-payment of operational debt.
The Respondent claimed pre-existing disputes and raised concerns about the quality of work.
The Adjudicating Authority rejected the Appellant's Section 9 application on 24.04.2024.
…Sign in to view the parties.
Agreement between…
Work Order No.…
Ahluwalia Contracts (India) Limited filed an appeal against an order passed by the National Company Law Tribunal (NCLT), Kolkata, which rejected their application to initiate Corporate Insolvency Resolution Process (CIRP) against Shristi Infrastructure Development Corporation Limited.
Ahluwalia Contracts (India) Limited (Appellant) entered into an agreement with Shristi Infrastructure Development Corporation Limited (Respondent) on 25.04.2012 for executing civil works for a Five Star Hotel.
The Appellant completed the work on 31.08.2015 and submitted the final bill on 13.07.2016.
The Respondent issued a completion certificate dated 07.11.2016.
The Respondent's agent demanded a letter of Extension of Time (EOT) on 18.07.2019, despite the completion certificate.
The Appellant issued a demand notice under Section 8 of the IBC on 26.09.2020 due to non-payment of operational debt.
The Respondent claimed pre-existing disputes and raised concerns about the quality of work.
The Adjudicating Authority rejected the Appellant's Section 9 application on 24.04.2024.
…Agreement between…
Work Order No.…