The case involves a winding-up petition initially filed under Sections 433, 434, and 439 of the Companies Act, 1956, before the High Court of Bombay against MMS Infrastructure Ltd. (Corporate Debtor) for defaulting on a payment of ₹31,62,671 for services rendered by Nabh Interior (Petitioner). Due to the enactment of the Insolvency & Bankruptcy Code, 2016, the matter was transferred to the NCLT, Mumbai. The petitioner filed Form 5, and the case was heard as a Company Petition under Section 9 of the IBC, 2016.
Nabh Interior (Petitioner) provided interior decoration services to MMS Infrastructure Ltd. (Corporate Debtor) based on a purchase/work order dated 2013-01-17. The total amount due for these services was ₹31,62,671, supported by two invoices raised on 2013-08-08 and 2014-07-13. The petitioner also filed a ledger account maintained by the corporate debtor confirming the outstanding debt. A cheque for ₹21,00,000 was issued by the corporate debtor to the petitioner on 2015-09-23. The corporate debtor disputed the claim, alleging that the purchase orders and invoices were related to its parent company, Maestros Mediline Systems Limited. The corporate debtor also argued that the petitioner had not filed the purchase orders and invoices along with the petition initially. The
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Winding-up Petition initially filed under…
Corporate Debtor issued Purchase/work Order…
The case involves a winding-up petition initially filed under Sections 433, 434, and 439 of the Companies Act, 1956, before the High Court of Bombay against MMS Infrastructure Ltd. (Corporate Debtor) for defaulting on a payment of ₹31,62,671 for services rendered by Nabh Interior (Petitioner). Due to the enactment of the Insolvency & Bankruptcy Code, 2016, the matter was transferred to the NCLT, Mumbai. The petitioner filed Form 5, and the case was heard as a Company Petition under Section 9 of the IBC, 2016.
Nabh Interior (Petitioner) provided interior decoration services to MMS Infrastructure Ltd. (Corporate Debtor) based on a purchase/work order dated 2013-01-17. The total amount due for these services was ₹31,62,671, supported by two invoices raised on 2013-08-08 and 2014-07-13. The petitioner also filed a ledger account maintained by the corporate debtor confirming the outstanding debt. A cheque for ₹21,00,000 was issued by the corporate debtor to the petitioner on 2015-09-23. The corporate debtor disputed the claim, alleging that the purchase orders and invoices were related to its parent company, Maestros Mediline Systems Limited. The corporate debtor also argued that the petitioner had not filed the purchase orders and invoices along with the petition initially. The
…Winding-up Petition initially filed under…
Corporate Debtor issued Purchase/work Order…