The case involves an application filed by Energy Efficiency Services Limited (EESL), the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against A-One Realtors Private Limited, the Corporate Debtor. EESL claimed a default of Rs. 6,77,69,978/- exclusive of penal interest. The Corporate Debtor participated in a tender process and received Letters of Award for distributing LED bulbs. The Corporate Debtor was obligated to deposit the collected monies into EESL's account. EESL contends that the Corporate Debtor failed to make the required payments.
Energy Efficiency Services Limited (EESL) filed an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against A-One Realtors Private Limited, claiming a default of Rs. 6,77,69,978/- excluding penal interest. EESL, as the Operational Creditor, had awarded Letters of Award to A-One Realtors, the Corporate Debtor, for the distribution of LED bulbs in Uttar Pradesh, Madhya Pradesh, and Rajasthan. The Corporate Debtor was required to deposit the collected monies into EESL's account. EESL alleged that the Corporate Debtor failed to make the required payments. The Corporate Debtor contended that there were pre-existing disputes, necessitating reconciliation of accounts, and that the amount claimed
…Sign in to view the parties.
Date of the Demand…
Date of the petition…
The case involves an application filed by Energy Efficiency Services Limited (EESL), the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against A-One Realtors Private Limited, the Corporate Debtor. EESL claimed a default of Rs. 6,77,69,978/- exclusive of penal interest. The Corporate Debtor participated in a tender process and received Letters of Award for distributing LED bulbs. The Corporate Debtor was obligated to deposit the collected monies into EESL's account. EESL contends that the Corporate Debtor failed to make the required payments.
Energy Efficiency Services Limited (EESL) filed an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against A-One Realtors Private Limited, claiming a default of Rs. 6,77,69,978/- excluding penal interest. EESL, as the Operational Creditor, had awarded Letters of Award to A-One Realtors, the Corporate Debtor, for the distribution of LED bulbs in Uttar Pradesh, Madhya Pradesh, and Rajasthan. The Corporate Debtor was required to deposit the collected monies into EESL's account. EESL alleged that the Corporate Debtor failed to make the required payments. The Corporate Debtor contended that there were pre-existing disputes, necessitating reconciliation of accounts, and that the amount claimed
…Date of the Demand…
Date of the petition…