The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against the Respondent, Avinash EM Projects Private Limited. The Applicant, Vichitra Construction Private Limited, claims to be an operational creditor. The applicant raised its first invoice on 11.07.2012 and the last invoice on 03.09.2013. The last payment was received on 07.06.2013. A demand notice under Section 8 of the Code was issued on 10.11.2017.
Vichitra Construction Private Limited (Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of CIRP against Avinash EM Projects Private Limited (Respondent). Vichitra Construction claims to be an operational creditor. The applicant provided services to the corporate debtor from May 2012 to September 2013. The first invoice was raised on 11.07.2012, and the last invoice was issued on 03.09.2013. The last payment was received on 07.06.2013. The applicant issued a demand notice under Section 8 of the Code on 10.11.2017, claiming Rs. 26,75,733/- as due since 01.01.2014. The respondent raised objections, stating that the claim is barred by limitation as the petition was filed more than four years after the last
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The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against the Respondent, Avinash EM Projects Private Limited. The Applicant, Vichitra Construction Private Limited, claims to be an operational creditor. The applicant raised its first invoice on 11.07.2012 and the last invoice on 03.09.2013. The last payment was received on 07.06.2013. A demand notice under Section 8 of the Code was issued on 10.11.2017.
Vichitra Construction Private Limited (Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of CIRP against Avinash EM Projects Private Limited (Respondent). Vichitra Construction claims to be an operational creditor. The applicant provided services to the corporate debtor from May 2012 to September 2013. The first invoice was raised on 11.07.2012, and the last invoice was issued on 03.09.2013. The last payment was received on 07.06.2013. The applicant issued a demand notice under Section 8 of the Code on 10.11.2017, claiming Rs. 26,75,733/- as due since 01.01.2014. The respondent raised objections, stating that the claim is barred by limitation as the petition was filed more than four years after the last
…The contract was…
Quotation was received…