Daga Power Systems & Engineers Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against ASB Energy Systems and Construction Private Limited, claiming a default of Rs. 3,19,92,738/- along with interest.
Daga Power Systems & Engineers Private Limited (Operational Creditor) filed an application under Section 9 of the IBC against ASB Energy Systems and Construction Private Limited (Corporate Debtor).
The Operational Creditor claimed a default of Rs. 3,19,92,738/- along with interest.
The Corporate Debtor was incorporated on 05.08.2019 and is engaged in providing turnkey solutions for power generation plants.
The Corporate Debtor had earlier been carrying on business as a partnership firm under the name of M/s. S.B. Electro Structural.
The Operational Creditor and M/s. S.B. Electro Structural had entered into a Joint Venture Agreement dated 15.02.2018.
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The Operational Creditor and M/s. S.B. Electro…
The Corporate…
Daga Power Systems & Engineers Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against ASB Energy Systems and Construction Private Limited, claiming a default of Rs. 3,19,92,738/- along with interest.
Daga Power Systems & Engineers Private Limited (Operational Creditor) filed an application under Section 9 of the IBC against ASB Energy Systems and Construction Private Limited (Corporate Debtor).
The Operational Creditor claimed a default of Rs. 3,19,92,738/- along with interest.
The Corporate Debtor was incorporated on 05.08.2019 and is engaged in providing turnkey solutions for power generation plants.
The Corporate Debtor had earlier been carrying on business as a partnership firm under the name of M/s. S.B. Electro Structural.
The Operational Creditor and M/s. S.B. Electro Structural had entered into a Joint Venture Agreement dated 15.02.2018.
…The Operational Creditor and M/s. S.B. Electro…
The Corporate…