SPML Infra Limited, the Operational Creditor (OC), filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 ("IBC") seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Cauvery Neeravari Nigam Limited, the Corporate Debtor (CD), for alleged default in payment of operational debt.
SPML Infra Limited (Operational Creditor) filed a petition under Section 9 of the IBC against Cauvery Neeravari Nigam Limited (Corporate Debtor) for default in payment of operational debt.
The alleged default amount is INR 9,36,49,145/- along with further interest at 18% per annum.
The Corporate Debtor invited tender dated 01.01.1998 for Construction of Civil Works, Design, Supply, Erection, Testing & Commissioning of Mechanical & Electrical components for Nanjapura Lift Irrigation Scheme (NLIS).
The Corporate Debtor awarded the project work to the OC vide Agreement dated 05.05.1999 for a total Contract Value of Rs.2,310.76 Lakh.
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Corporate Debtor invited tender for…
Corporate Debtor…
SPML Infra Limited, the Operational Creditor (OC), filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 ("IBC") seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Cauvery Neeravari Nigam Limited, the Corporate Debtor (CD), for alleged default in payment of operational debt.
SPML Infra Limited (Operational Creditor) filed a petition under Section 9 of the IBC against Cauvery Neeravari Nigam Limited (Corporate Debtor) for default in payment of operational debt.
The alleged default amount is INR 9,36,49,145/- along with further interest at 18% per annum.
The Corporate Debtor invited tender dated 01.01.1998 for Construction of Civil Works, Design, Supply, Erection, Testing & Commissioning of Mechanical & Electrical components for Nanjapura Lift Irrigation Scheme (NLIS).
The Corporate Debtor awarded the project work to the OC vide Agreement dated 05.05.1999 for a total Contract Value of Rs.2,310.76 Lakh.
…Corporate Debtor invited tender for…
Corporate Debtor…