This case involves an application (I.A. No. 1840/KB/2019) filed by Tantia-MPPL (WILO) JV against the Resolution Professional (RP) of Tantia Constructions Limited (corporate debtor). The applicant sought a direction from the NCLT to include its claim of Rs. 9.02 crore in the corporate debtor's insolvency resolution process. The applicant also requested that no resolution plan be considered or approved until the application is disposed of. The claim arises from a Joint Venture Agreement (JVA) between the applicant and the corporate debtor for construction work under the Kolkata Environmental Improvement Investment Program (KEIIP).
Tantia-MPPL (WILO) JV filed an application against the Resolution Professional (RP) of Tantia Constructions Limited, the corporate debtor, seeking inclusion of a claim of Rs. 9.02 crore in the insolvency resolution process. The claim originated from a Joint Venture Agreement (JVA) dated 2014-02-03 between the applicant and the corporate debtor for construction of pumping stations and sewerage/drainage networks under the Kolkata Environmental Improvement Investment Program (KEIIP). The corporate debtor was responsible for civil work, while the applicant handled electro-mechanical work. An amended JVA was executed on 2018-11-29 after the corporate debtor faced financial difficulties, leading WILO Mather and Platt Pumps Private Limited to take over the remaining work. The
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This case involves an application (I.A. No. 1840/KB/2019) filed by Tantia-MPPL (WILO) JV against the Resolution Professional (RP) of Tantia Constructions Limited (corporate debtor). The applicant sought a direction from the NCLT to include its claim of Rs. 9.02 crore in the corporate debtor's insolvency resolution process. The applicant also requested that no resolution plan be considered or approved until the application is disposed of. The claim arises from a Joint Venture Agreement (JVA) between the applicant and the corporate debtor for construction work under the Kolkata Environmental Improvement Investment Program (KEIIP).
Tantia-MPPL (WILO) JV filed an application against the Resolution Professional (RP) of Tantia Constructions Limited, the corporate debtor, seeking inclusion of a claim of Rs. 9.02 crore in the insolvency resolution process. The claim originated from a Joint Venture Agreement (JVA) dated 2014-02-03 between the applicant and the corporate debtor for construction of pumping stations and sewerage/drainage networks under the Kolkata Environmental Improvement Investment Program (KEIIP). The corporate debtor was responsible for civil work, while the applicant handled electro-mechanical work. An amended JVA was executed on 2018-11-29 after the corporate debtor faced financial difficulties, leading WILO Mather and Platt Pumps Private Limited to take over the remaining work. The
…Applicant and Corporate Debtor entered into…
Tender awarded by Kolkata Municipal…