The appeal arises from an order by the Adjudicating Authority (NCLT, Mumbai Bench) admitting a Section 9 application filed by Akshaya Engineering Works Private Ltd. (Operational Creditor) against Pravin Electricals Private Ltd. (Corporate Debtor), initiating CIRP.
Pravin Electricals Private Ltd. was awarded two contracts by MSEDCL in 2018.
Pravin Electricals sub-contracted work to Akshaya Engineering Works Private Ltd.
Akshaya Engineering raised 17 invoices against Pravin Electricals.
Pravin Electricals made partial payments against the invoices.
Akshaya Engineering sent a demand notice under Section 8 of IBC.
Pravin Electricals replied to the demand notice, citing pending reconciliation with MSEDCL.
Akshaya Engineering filed a Section 9 application.
The Adjudicating Authority admitted the Section 9 application.
Pravin Electricals filed an appeal against the order.
MSEDCL issued notices to correct and show cause notices to Pravin Electricals for delays.
MSEDCL partially terminated the contract with Pravin Electricals.
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The appeal arises from an order by the Adjudicating Authority (NCLT, Mumbai Bench) admitting a Section 9 application filed by Akshaya Engineering Works Private Ltd. (Operational Creditor) against Pravin Electricals Private Ltd. (Corporate Debtor), initiating CIRP.
Pravin Electricals Private Ltd. was awarded two contracts by MSEDCL in 2018.
Pravin Electricals sub-contracted work to Akshaya Engineering Works Private Ltd.
Akshaya Engineering raised 17 invoices against Pravin Electricals.
Pravin Electricals made partial payments against the invoices.
Akshaya Engineering sent a demand notice under Section 8 of IBC.
Pravin Electricals replied to the demand notice, citing pending reconciliation with MSEDCL.
Akshaya Engineering filed a Section 9 application.
The Adjudicating Authority admitted the Section 9 application.
Pravin Electricals filed an appeal against the order.
MSEDCL issued notices to correct and show cause notices to Pravin Electricals for delays.
MSEDCL partially terminated the contract with Pravin Electricals.
…Order passed by the…
Date of the…