The case involves an application filed by M/s. SC Jain Construction Private Limited, an operational creditor, against the rejection of a part-claim by the Resolution Professional (RP) of M/s. GVR Infra Projects Limited, the corporate debtor. The applicant sought the setting aside of the rejection of their claim and the allowance of damages and interest. The corporate debtor had entered into work-contract agreements with the applicant, who became a sub-contractor for laying bypass roads. Disputes arose regarding payments and claims, leading to the current application.
M/s. SC Jain Construction Private Limited (the Applicant), an operational creditor, filed an application against the Resolution Professional (RP) of M/s. GVR Infra Projects Limited (the Corporate Debtor) due to the rejection of a part of their claim. The Applicant and the Corporate Debtor had entered into two independent "Work-Contract Agreements" on 22.12.2014, making the Applicant a "Sub-Contractor" for laying bypass roads. The CIRP of the Corporate Debtor was initiated, and the IRP was appointed on 15.10.2018. The Applicant filed a claim for Rs.12,57,02,981/- under 11 heads on 19.11.2018. The RP admitted a claim of Rs.2,93,61,906/- but rejected the remaining amount. The rejected claims included damages, interest, and amounts related to final
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M/s. GVR Infra Projects Limited entered into…
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The case involves an application filed by M/s. SC Jain Construction Private Limited, an operational creditor, against the rejection of a part-claim by the Resolution Professional (RP) of M/s. GVR Infra Projects Limited, the corporate debtor. The applicant sought the setting aside of the rejection of their claim and the allowance of damages and interest. The corporate debtor had entered into work-contract agreements with the applicant, who became a sub-contractor for laying bypass roads. Disputes arose regarding payments and claims, leading to the current application.
M/s. SC Jain Construction Private Limited (the Applicant), an operational creditor, filed an application against the Resolution Professional (RP) of M/s. GVR Infra Projects Limited (the Corporate Debtor) due to the rejection of a part of their claim. The Applicant and the Corporate Debtor had entered into two independent "Work-Contract Agreements" on 22.12.2014, making the Applicant a "Sub-Contractor" for laying bypass roads. The CIRP of the Corporate Debtor was initiated, and the IRP was appointed on 15.10.2018. The Applicant filed a claim for Rs.12,57,02,981/- under 11 heads on 19.11.2018. The RP admitted a claim of Rs.2,93,61,906/- but rejected the remaining amount. The rejected claims included damages, interest, and amounts related to final
…M/s. GVR Infra Projects Limited entered into…
A meeting was held…