The petition was filed by an operational creditor, Mr. Nawal Kishore Prasad, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process against M/S Hospitech Management Consultants Pvt. Ltd. due to unpaid operational debt.
Mr. Nawal Kishore Prasad, an engineer, was approached by M/S Hospitech Management Consultants Pvt. Ltd. (Corporate Debtor) in July 2014 for a project in Raigarh. He signed an "Offer Letter" on July 10, 2014, and a "Reporting Instruction" letter on July 14, 2014, at the Corporate Debtor's New Delhi Head Office. The Corporate Debtor assured him that the Offer Letter with proper endorsement and signature would be sent later, but it was never received via email or post. He booked a ticket for Raigarh as instructed in the Reporting Instruction . After approximately three months, Mr. Prasad discovered internal disputes between the Chief Engineer and the Corporate Debtor, leading to the work being stopped. He was instructed to take charge
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The Operational…
The Operational…
The petition was filed by an operational creditor, Mr. Nawal Kishore Prasad, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process against M/S Hospitech Management Consultants Pvt. Ltd. due to unpaid operational debt.
Mr. Nawal Kishore Prasad, an engineer, was approached by M/S Hospitech Management Consultants Pvt. Ltd. (Corporate Debtor) in July 2014 for a project in Raigarh. He signed an "Offer Letter" on July 10, 2014, and a "Reporting Instruction" letter on July 14, 2014, at the Corporate Debtor's New Delhi Head Office. The Corporate Debtor assured him that the Offer Letter with proper endorsement and signature would be sent later, but it was never received via email or post. He booked a ticket for Raigarh as instructed in the Reporting Instruction . After approximately three months, Mr. Prasad discovered internal disputes between the Chief Engineer and the Corporate Debtor, leading to the work being stopped. He was instructed to take charge
…The Operational…
The Operational…