Growingleaf Agrotrade Private Limited filed a Company Application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Bluewheel Infrastructures Private Limited. The application was based on an agreement where Bluewheel Infrastructures was to provide sketches and drawings for a new plant, for which Growingleaf Agrotrade had paid an advance. Growingleaf Agrotrade claimed that Bluewheel Infrastructures failed to provide satisfactory drawings despite receiving an advance payment.
Growingleaf Agrotrade Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Bluewheel Infrastructures Private Limited (Corporate Debtor). Growingleaf Agrotrade and Bluewheel Infrastructures entered into an agreement in 2018 where Bluewheel Infrastructures was to provide sketches and drawings for Growingleaf Agrotrade's proposed new plant. Growingleaf Agrotrade paid an advance of Rs.34,43,000/- on 2018-09-10 and Rs.1,12,24,490/- on 2018-09-11 to Bluewheel Infrastructures. As per the agreement, Bluewheel Infrastructures was obligated to provide satisfactory drawings within 30 days. Growingleaf Agrotrade claimed that Bluewheel
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Operational Creditor…
Operational Creditor…
Growingleaf Agrotrade Private Limited filed a Company Application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Bluewheel Infrastructures Private Limited. The application was based on an agreement where Bluewheel Infrastructures was to provide sketches and drawings for a new plant, for which Growingleaf Agrotrade had paid an advance. Growingleaf Agrotrade claimed that Bluewheel Infrastructures failed to provide satisfactory drawings despite receiving an advance payment.
Growingleaf Agrotrade Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Bluewheel Infrastructures Private Limited (Corporate Debtor). Growingleaf Agrotrade and Bluewheel Infrastructures entered into an agreement in 2018 where Bluewheel Infrastructures was to provide sketches and drawings for Growingleaf Agrotrade's proposed new plant. Growingleaf Agrotrade paid an advance of Rs.34,43,000/- on 2018-09-10 and Rs.1,12,24,490/- on 2018-09-11 to Bluewheel Infrastructures. As per the agreement, Bluewheel Infrastructures was obligated to provide satisfactory drawings within 30 days. Growingleaf Agrotrade claimed that Bluewheel
…Operational Creditor…
Operational Creditor…