The appeal arises from an order dated 21.11.2024 passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Court-II, admitting a Section 9 application filed by the Operational Creditor.
A Facility Agreement was entered into between Sahara Hospitality Limited (Corporate Debtor) and KTR Management Services Private Limited (Operational Creditor) on 01.04.2018 for the supply of manpower.
The Corporate Debtor informed the Operational Creditor of deficiencies in services via email dated 15.06.2019.
The Operational Creditor issued a legal notice on 01.07.2019 claiming Rs.10,59,78,114/-.
The Corporate Debtor replied to the legal notice on 21.08.2019, disputing the claim and alleging deficiencies in service.
A reconciliation meeting was held on 16.10.2019.
The Corporate Debtor terminated the Facility Agreement on 26.12.2019 due to deficiency of service.
The Corporate Debtor raised a counter claim/demand of Rs.10 Crores.
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Facility Agreement entered between Sahara…
Corporate Debtor…
The appeal arises from an order dated 21.11.2024 passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Court-II, admitting a Section 9 application filed by the Operational Creditor.
A Facility Agreement was entered into between Sahara Hospitality Limited (Corporate Debtor) and KTR Management Services Private Limited (Operational Creditor) on 01.04.2018 for the supply of manpower.
The Corporate Debtor informed the Operational Creditor of deficiencies in services via email dated 15.06.2019.
The Operational Creditor issued a legal notice on 01.07.2019 claiming Rs.10,59,78,114/-.
The Corporate Debtor replied to the legal notice on 21.08.2019, disputing the claim and alleging deficiencies in service.
A reconciliation meeting was held on 16.10.2019.
The Corporate Debtor terminated the Facility Agreement on 26.12.2019 due to deficiency of service.
The Corporate Debtor raised a counter claim/demand of Rs.10 Crores.
…Facility Agreement entered between Sahara…
Corporate Debtor…