CT-Technologies ApS, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against B. Y. Agro & Infra Limited, the Corporate Debtor, due to failure to pay outstanding dues for the supply and installation of materials. The Operational Creditor and Corporate Debtor entered into a contract for designing, delivery, and installation of PUF sandwich panels, installation accessories, PRV, and doors for a fruit and vegetable processing unit. Despite delivering and installing the materials as per the contract, the Corporate Debtor failed to make the full payment. The Operational Creditor issued a demand notice, which the Corporate Debtor replied to,
…CT-Technologies ApS (Operational Creditor) and B. Y. Agro & Infra Limited (Corporate Debtor) entered into a contract dated 25.03.2012 for designing, delivery, and installation of PUF sandwich panels, installation accessories, PRV, and doors for a fruit and vegetable processing unit. The total contract value was €246,940.00 for materials and €28,470.00 for installation. The Operational Creditor delivered and installed the materials as per the contract, and a Taking Over Certificate dated 02.03.2013 was signed by the Corporate Debtor. The Corporate Debtor acknowledged the debt of €246,940.70 in a letter dated 15.06.2013 and promised to pay €10,000.00 every month starting from September 2013. The Corporate Debtor made partial payments totaling €29,960.00 on
…Sign in to view the parties.
CT-Technologies ApS and B. Y. Agro & Infra…
Taking Over Certificate…
CT-Technologies ApS, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against B. Y. Agro & Infra Limited, the Corporate Debtor, due to failure to pay outstanding dues for the supply and installation of materials. The Operational Creditor and Corporate Debtor entered into a contract for designing, delivery, and installation of PUF sandwich panels, installation accessories, PRV, and doors for a fruit and vegetable processing unit. Despite delivering and installing the materials as per the contract, the Corporate Debtor failed to make the full payment. The Operational Creditor issued a demand notice, which the Corporate Debtor replied to,
…CT-Technologies ApS (Operational Creditor) and B. Y. Agro & Infra Limited (Corporate Debtor) entered into a contract dated 25.03.2012 for designing, delivery, and installation of PUF sandwich panels, installation accessories, PRV, and doors for a fruit and vegetable processing unit. The total contract value was €246,940.00 for materials and €28,470.00 for installation. The Operational Creditor delivered and installed the materials as per the contract, and a Taking Over Certificate dated 02.03.2013 was signed by the Corporate Debtor. The Corporate Debtor acknowledged the debt of €246,940.70 in a letter dated 15.06.2013 and promised to pay €10,000.00 every month starting from September 2013. The Corporate Debtor made partial payments totaling €29,960.00 on
…CT-Technologies ApS and B. Y. Agro & Infra…
Taking Over Certificate…