The case involves an application by Aluwind Architectural Pvt. Ltd., an operational creditor, to initiate the Corporate Insolvency Resolution Process (CIRP) against New Haven Realtors Pvt. Ltd., the corporate debtor, under the Insolvency and Bankruptcy Code, 2016. The operational creditor alleges that the corporate debtor defaulted on payments for invoices raised for services provided under a work order for supplying and fixing glasses of façade elements. The operational creditor sent reminders and demand notices, but the corporate debtor failed to make the payments.
Aluwind Architectural Pvt. Ltd. (Operational Creditor) filed a petition to initiate Corporate Insolvency Resolution Process (CIRP) against New Haven Realtors Pvt. Ltd. (Corporate Debtor) for defaulting on payments. The Operational Creditor provided architectural aluminum services to the Corporate Debtor under a work order dated 19th September 2013. The Corporate Debtor failed to make payments for the invoices raised. The Operational Creditor sent a reminder letter on 25th May 2015, and another notice on 24th November 2016, demanding payment of Rs. 14,36,083/-. The Operational Creditor claimed a default amount of Rs. 24,12,619/-, including principal and interest. The Corporate Debtor failed to respond or make any submissions before the NCLT. The petition was filed on
…Sign in to view the parties.
The Operational Creditor and Operational Debtor…
Corporate Debtor issued work order to…
The case involves an application by Aluwind Architectural Pvt. Ltd., an operational creditor, to initiate the Corporate Insolvency Resolution Process (CIRP) against New Haven Realtors Pvt. Ltd., the corporate debtor, under the Insolvency and Bankruptcy Code, 2016. The operational creditor alleges that the corporate debtor defaulted on payments for invoices raised for services provided under a work order for supplying and fixing glasses of façade elements. The operational creditor sent reminders and demand notices, but the corporate debtor failed to make the payments.
Aluwind Architectural Pvt. Ltd. (Operational Creditor) filed a petition to initiate Corporate Insolvency Resolution Process (CIRP) against New Haven Realtors Pvt. Ltd. (Corporate Debtor) for defaulting on payments. The Operational Creditor provided architectural aluminum services to the Corporate Debtor under a work order dated 19th September 2013. The Corporate Debtor failed to make payments for the invoices raised. The Operational Creditor sent a reminder letter on 25th May 2015, and another notice on 24th November 2016, demanding payment of Rs. 14,36,083/-. The Operational Creditor claimed a default amount of Rs. 24,12,619/-, including principal and interest. The Corporate Debtor failed to respond or make any submissions before the NCLT. The petition was filed on
…The Operational Creditor and Operational Debtor…
Corporate Debtor issued work order to…