The case involves an application filed by the Resolution Professional (RP) of M/s. Unique Roof Private Limited, seeking direction from the NCLT to Sri Meenakshi Metals (Respondent) to pay the outstanding balance of Rs. 3,17,303/- to the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against Unique Roof Private Limited on 04.10.2019. The RP claims that the Respondent owes this amount for the supply of structural materials. The Respondent disputes the claim, alleging defective work and violation of agreed terms by the Corporate Debtor.
M/s. Unique Roof Private Limited (Corporate Debtor) was undergoing Corporate Insolvency Resolution Process (CIRP) initiated on 04.10.2019. Muthuiah Thevar Rajapandian was the Resolution Professional (RP). The Corporate Debtor was engaged in making steel building designs and manufacturing steel structures. The Corporate Debtor supplied structural materials to Sri Meenakshi Metals (Respondent) based on a quotation issued on 20.08.2018. The Respondent issued a purchase order, and the Corporate Debtor supplied the materials and raised invoices. The total invoice amount was Rs. 71,15,205/-, out of which the Respondent paid Rs. 68,46,304/-, leaving a balance of Rs. 2,68,901/-. Including overdue interest of Rs. 48,402/-, the total outstanding was Rs. 3,17,303/-. The
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The Corporate Debtor issued a quotation for…
The Respondent issued a…
The case involves an application filed by the Resolution Professional (RP) of M/s. Unique Roof Private Limited, seeking direction from the NCLT to Sri Meenakshi Metals (Respondent) to pay the outstanding balance of Rs. 3,17,303/- to the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against Unique Roof Private Limited on 04.10.2019. The RP claims that the Respondent owes this amount for the supply of structural materials. The Respondent disputes the claim, alleging defective work and violation of agreed terms by the Corporate Debtor.
M/s. Unique Roof Private Limited (Corporate Debtor) was undergoing Corporate Insolvency Resolution Process (CIRP) initiated on 04.10.2019. Muthuiah Thevar Rajapandian was the Resolution Professional (RP). The Corporate Debtor was engaged in making steel building designs and manufacturing steel structures. The Corporate Debtor supplied structural materials to Sri Meenakshi Metals (Respondent) based on a quotation issued on 20.08.2018. The Respondent issued a purchase order, and the Corporate Debtor supplied the materials and raised invoices. The total invoice amount was Rs. 71,15,205/-, out of which the Respondent paid Rs. 68,46,304/-, leaving a balance of Rs. 2,68,901/-. Including overdue interest of Rs. 48,402/-, the total outstanding was Rs. 3,17,303/-. The
…The Corporate Debtor issued a quotation for…
The Respondent issued a…