The case involves an appeal against an order passed by the National Company Law Tribunal (NCLT), Allahabad Bench, which admitted a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC) filed by Gannon Dunkerley & Co Ltd (Operational Creditor) against Kapasi Infracon LLP (Corporate Debtor). The dispute arose from a sub-contracting agreement where Kapasi Infracon LLP was appointed to complete a project initially awarded to Gannon Dunkerley & Co Ltd by National Highway and Infrastructure Development Corporation Ltd (NHIDCL). Disputes arose regarding payments, rental charges, and the existence of a pre-existing dispute before the demand notice was issued under Section 8 of the IBC.
Gannon Dunkerley & Co Ltd (Operational Creditor) was awarded a contract by National Highway and Infrastructure Development Corporation Ltd (NHIDCL). Gannon Dunkerley & Co Ltd appointed Kapasi Infracon LLP (Corporate Debtor) as a sub-contractor to complete the project. Disputes arose between the Corporate Debtor and Operational Creditor regarding payments, rental charges, and other issues. The Corporate Debtor completed approximately 41.50% of the project work. A principal agreement was executed between Jalan Infrastructure LLP (JIL) and the Operational Creditor, followed by a Tripartite Agreement involving the Corporate Debtor. Disputes between JIL and the Operational Creditor led to the termination of agreements and referral to arbitration. The Corporate
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Original contract was…
Kapasi Infracon LLP was…
The case involves an appeal against an order passed by the National Company Law Tribunal (NCLT), Allahabad Bench, which admitted a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC) filed by Gannon Dunkerley & Co Ltd (Operational Creditor) against Kapasi Infracon LLP (Corporate Debtor). The dispute arose from a sub-contracting agreement where Kapasi Infracon LLP was appointed to complete a project initially awarded to Gannon Dunkerley & Co Ltd by National Highway and Infrastructure Development Corporation Ltd (NHIDCL). Disputes arose regarding payments, rental charges, and the existence of a pre-existing dispute before the demand notice was issued under Section 8 of the IBC.
Gannon Dunkerley & Co Ltd (Operational Creditor) was awarded a contract by National Highway and Infrastructure Development Corporation Ltd (NHIDCL). Gannon Dunkerley & Co Ltd appointed Kapasi Infracon LLP (Corporate Debtor) as a sub-contractor to complete the project. Disputes arose between the Corporate Debtor and Operational Creditor regarding payments, rental charges, and other issues. The Corporate Debtor completed approximately 41.50% of the project work. A principal agreement was executed between Jalan Infrastructure LLP (JIL) and the Operational Creditor, followed by a Tripartite Agreement involving the Corporate Debtor. Disputes between JIL and the Operational Creditor led to the termination of agreements and referral to arbitration. The Corporate
…Original contract was…
Kapasi Infracon LLP was…