Mitcon Consultancy & Engineering Services Private Limited, the Operational Creditor/Petitioner, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) against Shetkari Sakhar Karkhana (Chandrapuri) Limited, the Corporate Debtor, to initiate Corporate Insolvency Resolution Process. The Corporate Debtor allegedly defaulted in making a payment of ₹50,44,000/- towards Consultancy/Engineering & Project Management Services, Integrated Sugar Expansion/Modernisation (1600 to 4800 TCD). The petitioner provided consultancy, project management, and engineering services to the Corporate Debtor's sugar factory in Chandrapuri Tal-Malshiras, Dist. Solapur, Maharashtra, based on a work order dated 20.09.2015. The petitioner claims to have
…Mitcon Consultancy & Engineering Services Private Limited (Operational Creditor) provided consultancy, project management, and engineering services to Shetkari Sakhar Karkhana (Chandrapuri) Limited (Corporate Debtor) for its sugar factory in Chandrapuri, Maharashtra. A work order was issued on 20.09.2015. The Corporate Debtor defaulted on payments totaling ₹50,44,000/- for services rendered between February 2016 and September 2016. The Operational Creditor sent a demand notice on 01.04.2017. A settlement agreement was filed on 25.06.2018, but the Corporate Debtor failed to make payments as per the agreement. A board resolution dated 24.04.2018 acknowledged the debt but cited the Corporate Debtor's inability to pay. The Operational Creditor filed a Section 9
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Corporate Debtor issued work order to the…
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Mitcon Consultancy & Engineering Services Private Limited, the Operational Creditor/Petitioner, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) against Shetkari Sakhar Karkhana (Chandrapuri) Limited, the Corporate Debtor, to initiate Corporate Insolvency Resolution Process. The Corporate Debtor allegedly defaulted in making a payment of ₹50,44,000/- towards Consultancy/Engineering & Project Management Services, Integrated Sugar Expansion/Modernisation (1600 to 4800 TCD). The petitioner provided consultancy, project management, and engineering services to the Corporate Debtor's sugar factory in Chandrapuri Tal-Malshiras, Dist. Solapur, Maharashtra, based on a work order dated 20.09.2015. The petitioner claims to have
…Mitcon Consultancy & Engineering Services Private Limited (Operational Creditor) provided consultancy, project management, and engineering services to Shetkari Sakhar Karkhana (Chandrapuri) Limited (Corporate Debtor) for its sugar factory in Chandrapuri, Maharashtra. A work order was issued on 20.09.2015. The Corporate Debtor defaulted on payments totaling ₹50,44,000/- for services rendered between February 2016 and September 2016. The Operational Creditor sent a demand notice on 01.04.2017. A settlement agreement was filed on 25.06.2018, but the Corporate Debtor failed to make payments as per the agreement. A board resolution dated 24.04.2018 acknowledged the debt but cited the Corporate Debtor's inability to pay. The Operational Creditor filed a Section 9
…Corporate Debtor issued work order to the…
Invoices raised by the…