Varahi Infra, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Shrushti Contech Private Limited, the corporate debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP) due to default in repayment of operational debt. The corporate debtor is a company incorporated on 05.12.2013 under the provisions of the Companies Act, 2013.
Varahi Infra filed an application under Section 9 of the IBC against Shrushti Contech Pvt Ltd for default in payment of operational debt.
The Corporate Debtor received a civil works contract from the National Highways Authority of India (NHAI).
The Corporate Debtor executed a Memorandum of Understanding (MoU) with the Operational Creditor on 01.02.2023.
The Corporate Debtor issued a work order to the Operational Creditor on 27.02.2023.
The Operational Creditor raised 11 invoices amounting to Rs.12,04,85,311/-.
The Corporate Debtor withheld Rs.7,39,11,209/- towards the invoices raised from the fifth invoice onwards.
The Operational Creditor issued a Demand Notice dated 21.06.2025 to the Corporate Debtor.
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NHAI issued a Letter of…
The Corporate Debtor…
Varahi Infra, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Shrushti Contech Private Limited, the corporate debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP) due to default in repayment of operational debt. The corporate debtor is a company incorporated on 05.12.2013 under the provisions of the Companies Act, 2013.
Varahi Infra filed an application under Section 9 of the IBC against Shrushti Contech Pvt Ltd for default in payment of operational debt.
The Corporate Debtor received a civil works contract from the National Highways Authority of India (NHAI).
The Corporate Debtor executed a Memorandum of Understanding (MoU) with the Operational Creditor on 01.02.2023.
The Corporate Debtor issued a work order to the Operational Creditor on 27.02.2023.
The Operational Creditor raised 11 invoices amounting to Rs.12,04,85,311/-.
The Corporate Debtor withheld Rs.7,39,11,209/- towards the invoices raised from the fifth invoice onwards.
The Operational Creditor issued a Demand Notice dated 21.06.2025 to the Corporate Debtor.
…NHAI issued a Letter of…
The Corporate Debtor…