M/s. Fagioli India Private Limited, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Brother Engineering and Erectors Limited, the Corporate Debtor, seeking initiation of the Corporate Insolvency Resolution Process. The Operational Creditor claimed a sum of Rs.1,11,13,091/- was due and payable by the Corporate Debtor for services related to heavy lifting, engineering, and logistics work. The Corporate Debtor contested the application, asserting that a dispute existed between the parties regarding the completion of work, certification of invoices, and the issuance of a second work order for the same scope of work.
M/s. Fagioli India Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. Brother Engineering and Erectors Limited (Corporate Debtor) for an outstanding amount of Rs.1,11,13,091/-. The Operational Creditor provided heavy lifting, engineering, and logistics services to the Corporate Debtor, who issued work order No. BEEL/NTPC-RAM-FAG-001 dated 28.12.2017 for work at Unit -01 and Unit-02-800MW ABFPPL-GE/NTPC - Ramagundam. The Operational Creditor started the work and raised invoices, which the Corporate Debtor accepted for Unit 01 and Unit 02. The Corporate Debtor issued a letter dated 02.03.2020 with de-scope details, reflecting a revised order value of Rs.97,75,000/-. The Corporate Debtor
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The Operational Creditor approached the…
The Corporate Debtor addressed an e-mail dated…
M/s. Fagioli India Private Limited, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Brother Engineering and Erectors Limited, the Corporate Debtor, seeking initiation of the Corporate Insolvency Resolution Process. The Operational Creditor claimed a sum of Rs.1,11,13,091/- was due and payable by the Corporate Debtor for services related to heavy lifting, engineering, and logistics work. The Corporate Debtor contested the application, asserting that a dispute existed between the parties regarding the completion of work, certification of invoices, and the issuance of a second work order for the same scope of work.
M/s. Fagioli India Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. Brother Engineering and Erectors Limited (Corporate Debtor) for an outstanding amount of Rs.1,11,13,091/-. The Operational Creditor provided heavy lifting, engineering, and logistics services to the Corporate Debtor, who issued work order No. BEEL/NTPC-RAM-FAG-001 dated 28.12.2017 for work at Unit -01 and Unit-02-800MW ABFPPL-GE/NTPC - Ramagundam. The Operational Creditor started the work and raised invoices, which the Corporate Debtor accepted for Unit 01 and Unit 02. The Corporate Debtor issued a letter dated 02.03.2020 with de-scope details, reflecting a revised order value of Rs.97,75,000/-. The Corporate Debtor
…The Operational Creditor approached the…
The Corporate Debtor addressed an e-mail dated…