M/s Concord Infrastructure Pvt. Ltd. filed an application 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 M/s Shubhkamna Buildtech Private Limited. The applicant, an operational creditor, claimed that the corporate debtor defaulted in paying an outstanding debt of Rs. 2,71,71,296/- exclusive of interest at the rate 18% per annum as on 11.06.2018. The applicant had been engaged by the respondent company as a contractor for carrying out civil work, and an agreement was executed on 07.11.2014. Despite raising invoices and sending reminders, the corporate debtor failed to make payments.
M/s Concord Infrastructure Pvt. Ltd. (the 'Applicant') filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 ('IBC') to initiate Corporate Insolvency Resolution Process ('CIRP') against M/s Shubhkamna Buildtech Private Limited (the 'Corporate Debtor'). The Applicant, an operational creditor, claimed that the Corporate Debtor defaulted in paying an outstanding debt. The Applicant was engaged by the Corporate Debtor as a contractor for civil work, with an agreement dated 07.11.2014. The Applicant raised various invoices for the work done. The total debt due and payable by the Corporate Debtor to the Applicant was Rs. 2,71,71,296/- exclusive of interest at 18% per annum as on 11.06.2018. Despite requests and reminders, the Corporate Debtor
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Agreement executed between M/s Concord…
Invoice RA 01…
M/s Concord Infrastructure Pvt. Ltd. filed an application 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 M/s Shubhkamna Buildtech Private Limited. The applicant, an operational creditor, claimed that the corporate debtor defaulted in paying an outstanding debt of Rs. 2,71,71,296/- exclusive of interest at the rate 18% per annum as on 11.06.2018. The applicant had been engaged by the respondent company as a contractor for carrying out civil work, and an agreement was executed on 07.11.2014. Despite raising invoices and sending reminders, the corporate debtor failed to make payments.
M/s Concord Infrastructure Pvt. Ltd. (the 'Applicant') filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 ('IBC') to initiate Corporate Insolvency Resolution Process ('CIRP') against M/s Shubhkamna Buildtech Private Limited (the 'Corporate Debtor'). The Applicant, an operational creditor, claimed that the Corporate Debtor defaulted in paying an outstanding debt. The Applicant was engaged by the Corporate Debtor as a contractor for civil work, with an agreement dated 07.11.2014. The Applicant raised various invoices for the work done. The total debt due and payable by the Corporate Debtor to the Applicant was Rs. 2,71,71,296/- exclusive of interest at 18% per annum as on 11.06.2018. Despite requests and reminders, the Corporate Debtor
…Agreement executed between M/s Concord…
Invoice RA 01…