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 to initiate CIRP 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 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 M/s. S.B. Electro Structural.
The Operational Creditor and M/s. S.B. Electro Structural entered into a Joint Venture Agreement dated 15.02.2018.
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The Operational Creditor and M/s. S.B. Electro…
The Operational Creditor and 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 to initiate CIRP 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 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 M/s. S.B. Electro Structural.
The Operational Creditor and M/s. S.B. Electro Structural entered into a Joint Venture Agreement dated 15.02.2018.
…The Operational Creditor and M/s. S.B. Electro…
The Operational Creditor and the Corporate…