The case involves an appeal against an order dated 24.01.2023 passed by the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, Court-I, which rejected IA No.525 of 2022 filed by the Appellant. The Appellant, Vish Wind Infrastructure LLP, had entered into an agreement with Wind World India Limited (Corporate Debtor) for the supply of Wind Turbine Generators (WTGs). The Appellant made advance payments for the supply of 26 WTGs. Subsequently, CIRP was initiated against the Corporate Debtor on 20.02.2018. The Appellant filed a claim of Rs.132,70,44,653/- in the CIRP, which was admitted by the Resolution Professional (RP). The Appellant requested the RP to supply the WTGs, but the RP rejected the request, stating that the Appellant owed the Corporate
…Vish Wind Infrastructure LLP (Appellant) entered into an agreement with Wind World India Limited (Corporate Debtor) for the supply of Wind Turbine Generators (WTGs). The Appellant made an advance payment of Rs.132,70,44,653/- for the supply of 26 WTGs. Subsequently, Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 20.02.2018. The Appellant filed a claim of Rs.132,70,44,653/- in the CIRP, which was admitted by the Resolution Professional (RP). The Appellant requested the RP to supply the WTGs against the advance payment, but the RP rejected the request, stating that the Appellant owed the Corporate Debtor Rs.74,94,60,745/- along with interest. The RP also stated that the RP was running the Corporate Debtor as a going concern.
…Sign in to view the parties.
Agreement entered…
Corporate Insolvency…
The case involves an appeal against an order dated 24.01.2023 passed by the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, Court-I, which rejected IA No.525 of 2022 filed by the Appellant. The Appellant, Vish Wind Infrastructure LLP, had entered into an agreement with Wind World India Limited (Corporate Debtor) for the supply of Wind Turbine Generators (WTGs). The Appellant made advance payments for the supply of 26 WTGs. Subsequently, CIRP was initiated against the Corporate Debtor on 20.02.2018. The Appellant filed a claim of Rs.132,70,44,653/- in the CIRP, which was admitted by the Resolution Professional (RP). The Appellant requested the RP to supply the WTGs, but the RP rejected the request, stating that the Appellant owed the Corporate
…Vish Wind Infrastructure LLP (Appellant) entered into an agreement with Wind World India Limited (Corporate Debtor) for the supply of Wind Turbine Generators (WTGs). The Appellant made an advance payment of Rs.132,70,44,653/- for the supply of 26 WTGs. Subsequently, Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 20.02.2018. The Appellant filed a claim of Rs.132,70,44,653/- in the CIRP, which was admitted by the Resolution Professional (RP). The Appellant requested the RP to supply the WTGs against the advance payment, but the RP rejected the request, stating that the Appellant owed the Corporate Debtor Rs.74,94,60,745/- along with interest. The RP also stated that the RP was running the Corporate Debtor as a going concern.
…Agreement entered…
Corporate Insolvency…