Lahs Green India Pvt. Ltd. filed a company petition seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Chemtrols Solar Pvt. Ltd., alleging a default of Rs. 17,74,750/- plus interest at 18% p.a. The claim was based on unpaid 'referral fees' for projects allegedly referred by Lahs Green to Chemtrols Solar. Chemtrols Solar disputed the claim, arguing that there was no agreement for referral fees, that the invoices were proforma invoices, and that they had offered a settlement which was not accepted. The petitioner claimed to have provided consultancy services that resulted in several leads to the corporate debtor.
Lahs Green India Pvt. Ltd. (Petitioner) claimed that Chemtrols Solar Pvt. Ltd. (Corporate Debtor) defaulted on a payment of Rs. 17,74,750/- plus interest, related to 'referral fees' for projects allegedly referred by the Petitioner. The Petitioner issued tax invoices and proforma invoices for consultancy services and project referral fees. The Corporate Debtor disputed the claim, stating there was no contract for referral fees and that the invoices were proforma. The Corporate Debtor offered a settlement of Rs. 4,00,000 plus service tax, and also prepared a cheque for Rs. 4,18,000, but the Petitioner did not accept it unconditionally. Emails between the parties showed ongoing disputes regarding the fees. The Corporate Debtor argued that the claim was not an
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Lahs Green India Pvt. Ltd. filed a company petition seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Chemtrols Solar Pvt. Ltd., alleging a default of Rs. 17,74,750/- plus interest at 18% p.a. The claim was based on unpaid 'referral fees' for projects allegedly referred by Lahs Green to Chemtrols Solar. Chemtrols Solar disputed the claim, arguing that there was no agreement for referral fees, that the invoices were proforma invoices, and that they had offered a settlement which was not accepted. The petitioner claimed to have provided consultancy services that resulted in several leads to the corporate debtor.
Lahs Green India Pvt. Ltd. (Petitioner) claimed that Chemtrols Solar Pvt. Ltd. (Corporate Debtor) defaulted on a payment of Rs. 17,74,750/- plus interest, related to 'referral fees' for projects allegedly referred by the Petitioner. The Petitioner issued tax invoices and proforma invoices for consultancy services and project referral fees. The Corporate Debtor disputed the claim, stating there was no contract for referral fees and that the invoices were proforma. The Corporate Debtor offered a settlement of Rs. 4,00,000 plus service tax, and also prepared a cheque for Rs. 4,18,000, but the Petitioner did not accept it unconditionally. Emails between the parties showed ongoing disputes regarding the fees. The Corporate Debtor argued that the claim was not an
…Corporate Debtor…
Petitioner rai…