The case involves an appeal against an order dated 26.07.2019 passed by the National Company Law Tribunal (NCLT), Chandigarh Bench, which admitted a Section 9 application filed by Rays Power Experts Private Limited (Operational Creditor) against Siwana Solar Power Project Pvt. Ltd. (Corporate Debtor) under the Insolvency and Bankruptcy Code, 2016. The appellant, Vinod Mittal, a shareholder/director of the Corporate Debtor, filed the appeal, arguing that there were pre-existing disputes between the parties regarding the installation and commissioning of a solar power project.
Rays Power Experts Private Limited (Operational Creditor) filed CP (IB) No.169/Chd/Hry/2018 under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Siwana Solar Power Project Pvt. Ltd. (Corporate Debtor). The application was admitted on 26th July, 2019. The Operational Creditor claimed that the Corporate Debtor had awarded a work order for the supply, commissioning, and service of a Solar Power Project. An “Engineering Procurement and Construction (EPC) Agreement” was executed on 1st May, 2014. The Operational Creditor received part payment but claimed default. A Section 8 notice was issued on 8th March, 2018, and served on 13th March, 2018. The Operational Creditor claimed no reply to the demand notice and no dispute of unpaid operational debt. The
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Engineering Procurement…
Certificate of…
The case involves an appeal against an order dated 26.07.2019 passed by the National Company Law Tribunal (NCLT), Chandigarh Bench, which admitted a Section 9 application filed by Rays Power Experts Private Limited (Operational Creditor) against Siwana Solar Power Project Pvt. Ltd. (Corporate Debtor) under the Insolvency and Bankruptcy Code, 2016. The appellant, Vinod Mittal, a shareholder/director of the Corporate Debtor, filed the appeal, arguing that there were pre-existing disputes between the parties regarding the installation and commissioning of a solar power project.
Rays Power Experts Private Limited (Operational Creditor) filed CP (IB) No.169/Chd/Hry/2018 under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Siwana Solar Power Project Pvt. Ltd. (Corporate Debtor). The application was admitted on 26th July, 2019. The Operational Creditor claimed that the Corporate Debtor had awarded a work order for the supply, commissioning, and service of a Solar Power Project. An “Engineering Procurement and Construction (EPC) Agreement” was executed on 1st May, 2014. The Operational Creditor received part payment but claimed default. A Section 8 notice was issued on 8th March, 2018, and served on 13th March, 2018. The Operational Creditor claimed no reply to the demand notice and no dispute of unpaid operational debt. The
…Engineering Procurement…
Certificate of…