Relief Infrastructures, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Ashirbad Real Estate & Transport Private Limited, the corporate debtor. The operational creditor claimed that the corporate debtor had defaulted on payments for work done based on a work order issued around February 10, 2015. The operational creditor raised three RA bills totaling Rs. 2,01,70,551/-, but the corporate debtor only paid Rs. 66,00,000/-, leaving a remaining amount of Rs. 1,35,70,551/-. The operational creditor issued a demand notice on May 19, 2018, which was received by the corporate debtor on May 22, 2018.
Relief Infrastructures, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Ashirbad Real Estate & Transport Private Limited, the corporate debtor. A work order was issued around February 10, 2015. The operational creditor raised three RA bills totaling Rs. 2,01,70,551/-, but the corporate debtor paid only Rs. 66,00,000/-, leaving Rs. 1,35,70,551/- outstanding. The operational creditor sent a demand notice dated May 19, 2018, received by the corporate debtor on May 22, 2018. The corporate debtor argued the application was not maintainable because the operational creditor was an unregistered partnership firm, the application was time-barred, there were pre-existing disputes, and no amount
…Sign in to view the parties.
The Corporate Debtor…
The last payment in…
Relief Infrastructures, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Ashirbad Real Estate & Transport Private Limited, the corporate debtor. The operational creditor claimed that the corporate debtor had defaulted on payments for work done based on a work order issued around February 10, 2015. The operational creditor raised three RA bills totaling Rs. 2,01,70,551/-, but the corporate debtor only paid Rs. 66,00,000/-, leaving a remaining amount of Rs. 1,35,70,551/-. The operational creditor issued a demand notice on May 19, 2018, which was received by the corporate debtor on May 22, 2018.
Relief Infrastructures, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Ashirbad Real Estate & Transport Private Limited, the corporate debtor. A work order was issued around February 10, 2015. The operational creditor raised three RA bills totaling Rs. 2,01,70,551/-, but the corporate debtor paid only Rs. 66,00,000/-, leaving Rs. 1,35,70,551/- outstanding. The operational creditor sent a demand notice dated May 19, 2018, received by the corporate debtor on May 22, 2018. The corporate debtor argued the application was not maintainable because the operational creditor was an unregistered partnership firm, the application was time-barred, there were pre-existing disputes, and no amount
…The Corporate Debtor…
The last payment in…