The case originates from an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Narshibhai B. Hadiya, an operational creditor, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Collyer Container Terminal Pvt. Ltd., the corporate debtor. The operational creditor claimed an amount of Rs. 15,99,224/- due from the corporate debtor for construction work undertaken. Despite repeated requests and demand notices, the corporate debtor failed to make the payment or raise any dispute regarding the debt.
Narshibhai B. Hadiya, an operational creditor and civil contractor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Collyer Container Terminal Pvt. Ltd., a corporate debtor. The corporate debtor had engaged the operational creditor for the construction of an office building in its factory premises. The construction work was completed on April 30, 2018, and the operational creditor raised an invoice for Rs. 15,99,224/- on April 5, 2018. The corporate debtor failed to pay the amount despite repeated requests and demand notices issued by the operational creditor. The operational creditor issued a demand notice on September 1, 2018, as per Form 3 of the IBC. The corporate debtor did not make any payment or issue any notice of
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Construction work on the office building in…
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The case originates from an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Narshibhai B. Hadiya, an operational creditor, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Collyer Container Terminal Pvt. Ltd., the corporate debtor. The operational creditor claimed an amount of Rs. 15,99,224/- due from the corporate debtor for construction work undertaken. Despite repeated requests and demand notices, the corporate debtor failed to make the payment or raise any dispute regarding the debt.
Narshibhai B. Hadiya, an operational creditor and civil contractor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Collyer Container Terminal Pvt. Ltd., a corporate debtor. The corporate debtor had engaged the operational creditor for the construction of an office building in its factory premises. The construction work was completed on April 30, 2018, and the operational creditor raised an invoice for Rs. 15,99,224/- on April 5, 2018. The corporate debtor failed to pay the amount despite repeated requests and demand notices issued by the operational creditor. The operational creditor issued a demand notice on September 1, 2018, as per Form 3 of the IBC. The corporate debtor did not make any payment or issue any notice of
…Construction work on the office building in…
Construction work on…