Govind Sales, an operational creditor, filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Gammon India Limited, the corporate debtor, for failing to pay Rs. 55,91,980/-, which included a principal amount of Rs. 33,72,579/- and interest of Rs. 22,19,401/- charged at 18% from the due date. The operational creditor was engaged by the corporate debtor for supplying goods and services for the Rosa Power Plant at Shahjahanpur, Uttar Pradesh, as per work order no. 9101/82 dated 12.5.2014. The corporate debtor made partial payments, leaving six invoices outstanding from 30.9.2014 to 28.2.2015. The operational creditor issued a demand notice dated 27.10.2017 under Section 8 of the IBC, which the corporate debtor replied to on 8.11.2017,
…Govind Sales (Operational Creditor) supplied goods and services to Gammon India Limited (Corporate Debtor) as per work order no. 9101/82 dated 2014-05-12 for Rosa Power Plant. The Operational Creditor raised invoices totaling Rs. 74,83,177/- until the last invoice dated 2015-02-28. The Corporate Debtor paid Rs. 41,10,597/-, leaving six invoices outstanding. The total outstanding amount was Rs. 33,72,579/- plus interest of Rs. 22,19,401/- at 18% per annum as per the MSME Act. The Operational Creditor issued a demand notice dated 2017-10-27 under Section 8 of the IBC. The Corporate Debtor replied on 2017-11-08, disputing the claim and the applicability of the MSME Act. The Operational Creditor claimed to be registered under the MSME Act. The Corporate Debtor paid the
…Sign in to view the parties.
Work order no. 9101/82 issued to Govind Sales by…
Start date of the…
Govind Sales, an operational creditor, filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Gammon India Limited, the corporate debtor, for failing to pay Rs. 55,91,980/-, which included a principal amount of Rs. 33,72,579/- and interest of Rs. 22,19,401/- charged at 18% from the due date. The operational creditor was engaged by the corporate debtor for supplying goods and services for the Rosa Power Plant at Shahjahanpur, Uttar Pradesh, as per work order no. 9101/82 dated 12.5.2014. The corporate debtor made partial payments, leaving six invoices outstanding from 30.9.2014 to 28.2.2015. The operational creditor issued a demand notice dated 27.10.2017 under Section 8 of the IBC, which the corporate debtor replied to on 8.11.2017,
…Govind Sales (Operational Creditor) supplied goods and services to Gammon India Limited (Corporate Debtor) as per work order no. 9101/82 dated 2014-05-12 for Rosa Power Plant. The Operational Creditor raised invoices totaling Rs. 74,83,177/- until the last invoice dated 2015-02-28. The Corporate Debtor paid Rs. 41,10,597/-, leaving six invoices outstanding. The total outstanding amount was Rs. 33,72,579/- plus interest of Rs. 22,19,401/- at 18% per annum as per the MSME Act. The Operational Creditor issued a demand notice dated 2017-10-27 under Section 8 of the IBC. The Corporate Debtor replied on 2017-11-08, disputing the claim and the applicability of the MSME Act. The Operational Creditor claimed to be registered under the MSME Act. The Corporate Debtor paid the
…Work order no. 9101/82 issued to Govind Sales by…
Start date of the…