The case involves an application filed by Kintech Synergy Private Limited (Applicant/Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against RRB Energy Limited (Respondent/Corporate Debtor). The applicant claimed that the corporate debtor failed to pay an outstanding debt of Rs. 64,48,227/- for works related to a wind farm project in Gujarat. The corporate debtor contested the application, citing limitation and the existence of a pre-existing dispute regarding the quality of services provided.
Kintech Synergy Private Limited (Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against RRB Energy Limited (Corporate Debtor) for an outstanding debt of Rs. 64,48,227/-. The debt arose from works related to a wind farm project in Gujarat, including operation and maintenance of a substation, line maintenance, road patchwork, and construction of a SCADA building. A work order was issued on 05.09.2008. The applicant sent a letter on 26.02.2009 providing the estimated value for construction of SCADA cum store and office for Rs. 30,00,000.00. The corporate debtor paid an advance of Rs. 4,00,000/- on 16.06.2009. The applicant informed the corporate debtor about the completion of construction on 06.07.2009 and the earthing of the
…Sign in to view the parties.
Corporate debtor issued a work order for annual…
Applicant sent a letter providing the estimated…
The case involves an application filed by Kintech Synergy Private Limited (Applicant/Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against RRB Energy Limited (Respondent/Corporate Debtor). The applicant claimed that the corporate debtor failed to pay an outstanding debt of Rs. 64,48,227/- for works related to a wind farm project in Gujarat. The corporate debtor contested the application, citing limitation and the existence of a pre-existing dispute regarding the quality of services provided.
Kintech Synergy Private Limited (Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against RRB Energy Limited (Corporate Debtor) for an outstanding debt of Rs. 64,48,227/-. The debt arose from works related to a wind farm project in Gujarat, including operation and maintenance of a substation, line maintenance, road patchwork, and construction of a SCADA building. A work order was issued on 05.09.2008. The applicant sent a letter on 26.02.2009 providing the estimated value for construction of SCADA cum store and office for Rs. 30,00,000.00. The corporate debtor paid an advance of Rs. 4,00,000/- on 16.06.2009. The applicant informed the corporate debtor about the completion of construction on 06.07.2009 and the earthing of the
…Corporate debtor issued a work order for annual…
Applicant sent a letter providing the estimated…