Pravin Electricals Private Limited filed a company petition against Ahinsa Buildtech Private Limited, the Corporate Debtor, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The petitioner alleged that the Corporate Debtor defaulted on a payment of Rs. 12,63,817/- on 11.05.2017, along with interest at 9% p.a. from 10.07.2018. The petitioner claimed this amount was due as retention money for services rendered based on a work order dated 15.03.2011. The Corporate Debtor acknowledged the liability in a communication dated 11.05.2017, seeking balance confirmation. The petitioner issued a statutory demand notice on 27.07.2018 after an advocate's notice on 10.07.2018.
Pravin Electricals Private Limited (the Petitioner) provided services to Ahinsa Buildtech Private Limited (the Corporate Debtor) based on a work order dated 15.03.2011. The Petitioner raised invoices for these services. On 11.05.2017, the Corporate Debtor sent a communication to the Petitioner seeking confirmation of the balance of Rs. 12,63,817/-, which the Corporate Debtor admitted was payable as retention money. The Corporate Debtor defaulted on a payment of Rs. 12,63,817/- on 11.05.2017, leading the Petitioner to issue a statutory demand notice on 27.07.2018, following an advocate's notice on 10.07.2018. The Corporate Debtor argued that the Petitioner's claim was disputed, that the actual retention amount was only Rs. 1,93,368/-, and that the Petitioner failed to
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Date of the work order based on which Pravin…
Ahinsa Buildtech Private Limited sent a…
Pravin Electricals Private Limited filed a company petition against Ahinsa Buildtech Private Limited, the Corporate Debtor, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The petitioner alleged that the Corporate Debtor defaulted on a payment of Rs. 12,63,817/- on 11.05.2017, along with interest at 9% p.a. from 10.07.2018. The petitioner claimed this amount was due as retention money for services rendered based on a work order dated 15.03.2011. The Corporate Debtor acknowledged the liability in a communication dated 11.05.2017, seeking balance confirmation. The petitioner issued a statutory demand notice on 27.07.2018 after an advocate's notice on 10.07.2018.
Pravin Electricals Private Limited (the Petitioner) provided services to Ahinsa Buildtech Private Limited (the Corporate Debtor) based on a work order dated 15.03.2011. The Petitioner raised invoices for these services. On 11.05.2017, the Corporate Debtor sent a communication to the Petitioner seeking confirmation of the balance of Rs. 12,63,817/-, which the Corporate Debtor admitted was payable as retention money. The Corporate Debtor defaulted on a payment of Rs. 12,63,817/- on 11.05.2017, leading the Petitioner to issue a statutory demand notice on 27.07.2018, following an advocate's notice on 10.07.2018. The Corporate Debtor argued that the Petitioner's claim was disputed, that the actual retention amount was only Rs. 1,93,368/-, and that the Petitioner failed to
…Date of the work order based on which Pravin…
Ahinsa Buildtech Private Limited sent a…