The case involves an application filed by Suzlon Global Services Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Array Land Developers Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a total outstanding amount of Rs. 9,32,17,794.35, including principal and interest, for operation and maintenance services provided to the Corporate Debtor's wind turbine generators.
Suzlon Global Services Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Array Land Developers Private Limited.
The Operational Creditor claimed a total outstanding amount of Rs. 9,32,17,794.35, including principal and interest.
The Operational Creditor provided operation and maintenance services to the Corporate Debtor's wind turbine generators.
The Corporate Debtor defaulted on payments despite repeated reminders.
A Minutes of Meeting (MoM) dated 18.08.2021, where the Corporate Debtor acknowledged the debt.
The Corporate Debtor claimed a pre-existing dispute based on a police complaint.
The Tribunal dismissed the Corporate Debtor's claim of a pre-existing dispute as the complaint closure report had been filed.
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Minutes of Meeting (MoM) dated 18.08.2021,…
The Operational Creditor on 29.07.2022 issued…
The case involves an application filed by Suzlon Global Services Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Array Land Developers Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a total outstanding amount of Rs. 9,32,17,794.35, including principal and interest, for operation and maintenance services provided to the Corporate Debtor's wind turbine generators.
Suzlon Global Services Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Array Land Developers Private Limited.
The Operational Creditor claimed a total outstanding amount of Rs. 9,32,17,794.35, including principal and interest.
The Operational Creditor provided operation and maintenance services to the Corporate Debtor's wind turbine generators.
The Corporate Debtor defaulted on payments despite repeated reminders.
A Minutes of Meeting (MoM) dated 18.08.2021, where the Corporate Debtor acknowledged the debt.
The Corporate Debtor claimed a pre-existing dispute based on a police complaint.
The Tribunal dismissed the Corporate Debtor's claim of a pre-existing dispute as the complaint closure report had been filed.
…Minutes of Meeting (MoM) dated 18.08.2021,…
The Operational Creditor on 29.07.2022 issued…