M/s Topsgrup Services Ltd., the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against BLS E-Solutions Pvt. Ltd., the corporate debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The operational creditor provided guarding services to the corporate debtor based on a purchase order issued in June 2016. Disputes arose regarding unpaid invoices from May 2017 to September 2017, with the corporate debtor claiming deductions for penalties due to non-availability or improper uniform of security guards. The operational creditor issued a demand notice, which the corporate debtor disputed, citing breaches of contract and the need for reconciliation of accounts.
M/s Topsgrup Services Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against BLS E-Solutions Pvt. Ltd. (Corporate Debtor). The Operational Creditor provided guarding services to the Corporate Debtor based on a purchase order dated 14.06.2016. The term of services was initially 5 years subject to renewal at the expiry of one year. A common purchase order bearing order no. 21 dated 14.06.2016 for an amount of Rs. 3,36,43,490/- was issued. The Operational Creditor issued various invoices for the period of May 2017 to September 2017, but some were left unpaid, totaling Rs. 1,27,17,300/-. The Corporate Debtor claimed deductions for penalties due to non-availability or improper uniform of security guards. The
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The Corporate Debtor was awarded a contract and…
A common purchase order bearing order no.…
M/s Topsgrup Services Ltd., the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against BLS E-Solutions Pvt. Ltd., the corporate debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The operational creditor provided guarding services to the corporate debtor based on a purchase order issued in June 2016. Disputes arose regarding unpaid invoices from May 2017 to September 2017, with the corporate debtor claiming deductions for penalties due to non-availability or improper uniform of security guards. The operational creditor issued a demand notice, which the corporate debtor disputed, citing breaches of contract and the need for reconciliation of accounts.
M/s Topsgrup Services Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against BLS E-Solutions Pvt. Ltd. (Corporate Debtor). The Operational Creditor provided guarding services to the Corporate Debtor based on a purchase order dated 14.06.2016. The term of services was initially 5 years subject to renewal at the expiry of one year. A common purchase order bearing order no. 21 dated 14.06.2016 for an amount of Rs. 3,36,43,490/- was issued. The Operational Creditor issued various invoices for the period of May 2017 to September 2017, but some were left unpaid, totaling Rs. 1,27,17,300/-. The Corporate Debtor claimed deductions for penalties due to non-availability or improper uniform of security guards. The
…The Corporate Debtor was awarded a contract and…
A common purchase order bearing order no.…