R.K. & Associates, claiming to be an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process against Pranay Infrabuild Pvt. Ltd. The applicant was appointed as architect for the respondent's project. Disputes arose regarding the quality and timeliness of services provided by the applicant, leading to the corporate debtor's failure to make full payment. The corporate debtor claimed pre-existence of dispute regarding the quality of services prior to the issuance of demand notice.
R.K. & Associates, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process against Pranay Infrabuild Pvt. Ltd. R.K. & Associates was appointed as the architect for Pranay Infrabuild's project, Citadel, located in Kota. The applicant rendered professional services from stage (1) to stage (8) of Clause F of the work order. A dispute arose regarding the quality and timeliness of the services provided. The applicant claimed an outstanding debt of Rs. 41,92,958/-. The corporate debtor contended that there were delays in providing drawings, the drawings were not as per the requirement, and the services were deficient. The Corporate Debtor issued reply dated
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R.K. & Associates, claiming to be an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process against Pranay Infrabuild Pvt. Ltd. The applicant was appointed as architect for the respondent's project. Disputes arose regarding the quality and timeliness of services provided by the applicant, leading to the corporate debtor's failure to make full payment. The corporate debtor claimed pre-existence of dispute regarding the quality of services prior to the issuance of demand notice.
R.K. & Associates, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process against Pranay Infrabuild Pvt. Ltd. R.K. & Associates was appointed as the architect for Pranay Infrabuild's project, Citadel, located in Kota. The applicant rendered professional services from stage (1) to stage (8) of Clause F of the work order. A dispute arose regarding the quality and timeliness of the services provided. The applicant claimed an outstanding debt of Rs. 41,92,958/-. The corporate debtor contended that there were delays in providing drawings, the drawings were not as per the requirement, and the services were deficient. The Corporate Debtor issued reply dated
…Applicant appointed…
Approval letter issued…