Zillion Infraprojects Pvt. Ltd. filed an appeal against the order dated 03.05.2021 passed by the National Company Law Tribunal (NCLT), New Delhi Bench-II, in (IB)586 (ND)/2017. The NCLT had rejected the application filed by Zillion Infraprojects under Section 9 of the Insolvency and Bankruptcy Code (IBC). The dispute arose from three work orders awarded to Zillion by The Indure Private Ltd. between 2009 and 2012 for work at a Thermal Power Plant in Chhabra, Rajasthan. During the project, Zillion raised Running Account Bills, and payments were made until 2016. The Corporate Debtor, Indure, sent letters in 2013-14 pointing out breaches and delays by Zillion. Indure terminated the contract on 20th November, 2014. Zillion then issued a Demand Notice under Section 8 of the
…Zillion Infraprojects Pvt. Ltd. was awarded three work orders by The Indure Private Ltd. between 2009 and 2012 for erection, fabrication, commissioning, and painting work at a Thermal Power Plant in Chhabra, Rajasthan. Zillion raised Running Account Bills during the project, and Indure made payments until 2016. In 2013-14, Indure sent letters to Zillion pointing out breaches and delays. On 20th November, 2014, Indure terminated the contract. Zillion issued a Demand Notice under Section 8 of the IB Code on 13.09.2017, claiming Rs.8,34,18,876/- plus interest. Indure replied on 23.09.2017, stating that the contract and claim were in dispute due to Zillion's breaches and delays. Zillion filed an application under Section 9 of the IB Code, which was dismissed as withdrawn
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The Indure Private Ltd. awarded three work…
The Indure Private Ltd.…
Zillion Infraprojects Pvt. Ltd. filed an appeal against the order dated 03.05.2021 passed by the National Company Law Tribunal (NCLT), New Delhi Bench-II, in (IB)586 (ND)/2017. The NCLT had rejected the application filed by Zillion Infraprojects under Section 9 of the Insolvency and Bankruptcy Code (IBC). The dispute arose from three work orders awarded to Zillion by The Indure Private Ltd. between 2009 and 2012 for work at a Thermal Power Plant in Chhabra, Rajasthan. During the project, Zillion raised Running Account Bills, and payments were made until 2016. The Corporate Debtor, Indure, sent letters in 2013-14 pointing out breaches and delays by Zillion. Indure terminated the contract on 20th November, 2014. Zillion then issued a Demand Notice under Section 8 of the
…Zillion Infraprojects Pvt. Ltd. was awarded three work orders by The Indure Private Ltd. between 2009 and 2012 for erection, fabrication, commissioning, and painting work at a Thermal Power Plant in Chhabra, Rajasthan. Zillion raised Running Account Bills during the project, and Indure made payments until 2016. In 2013-14, Indure sent letters to Zillion pointing out breaches and delays. On 20th November, 2014, Indure terminated the contract. Zillion issued a Demand Notice under Section 8 of the IB Code on 13.09.2017, claiming Rs.8,34,18,876/- plus interest. Indure replied on 23.09.2017, stating that the contract and claim were in dispute due to Zillion's breaches and delays. Zillion filed an application under Section 9 of the IB Code, which was dismissed as withdrawn
…The Indure Private Ltd. awarded three work…
The Indure Private Ltd.…