The case involves an application filed by M/s. I.C.I. Projects (India) Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. GSH Facilities Management Services Private Limited, the Corporate Debtor, due to an alleged default in payment of an operational debt. The Operational Creditor claimed a sum of Rs.7,77,539/-, including a principal of Rs.5,44,320/- and interest of Rs.2,33,219/-. The Corporate Debtor argued that there was no debt due and payable, claiming the contract was terminated at the first stage and the TDS amount was reversed.
M/s. I.C.I. Projects (India) Private Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. GSH Facilities Management Services Private Limited, the Corporate Debtor. The Operational Creditor claimed a sum of Rs.7,77,539/- as due, including a principal amount of Rs.5,44,320/- and interest of Rs.2,33,219/-, for services rendered. The default date was stated as 01.10.2017. The Operational Creditor submitted a demand notice on 17.09.2019, to which the Corporate Debtor replied on 26.09.2019. The Corporate Debtor argued that the contract was terminated at the first stage itself and that they had remitted TDS on the invoice, which was later
…Sign in to view the parties.
The date of de…
Operational Creditor…
The case involves an application filed by M/s. I.C.I. Projects (India) Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. GSH Facilities Management Services Private Limited, the Corporate Debtor, due to an alleged default in payment of an operational debt. The Operational Creditor claimed a sum of Rs.7,77,539/-, including a principal of Rs.5,44,320/- and interest of Rs.2,33,219/-. The Corporate Debtor argued that there was no debt due and payable, claiming the contract was terminated at the first stage and the TDS amount was reversed.
M/s. I.C.I. Projects (India) Private Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. GSH Facilities Management Services Private Limited, the Corporate Debtor. The Operational Creditor claimed a sum of Rs.7,77,539/- as due, including a principal amount of Rs.5,44,320/- and interest of Rs.2,33,219/-, for services rendered. The default date was stated as 01.10.2017. The Operational Creditor submitted a demand notice on 17.09.2019, to which the Corporate Debtor replied on 26.09.2019. The Corporate Debtor argued that the contract was terminated at the first stage itself and that they had remitted TDS on the invoice, which was later
…The date of de…
Operational Creditor…