The case involves a Company Petition filed by Global Wind Infrastructure and Services Private Limited (Operational Creditor) against AAA Facilities Solutions Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor is engaged in the business of operation and maintenance of wind farm projects. The Corporate Debtor is engaged in setting up of Wind Farms. The Operational Creditor and Corporate Debtor entered into an agreement for maintenance services.
Global Wind Infrastructure and Services Private Limited (Operational Creditor) filed a Company Petition against AAA Facilities Solutions Private Limited (Corporate Debtor) under Section 9 of the IBC, 2016. The Operational Creditor and Corporate Debtor entered into an agreement for maintenance services. The Operational Creditor rendered services and raised invoices, which remained unpaid. The Corporate Debtor never raised any disputes regarding the invoices and acknowledged the receipt of services. A demand notice was sent by the Operational Creditor to the Corporate Debtor on 2022-12-02, which was received, but no reply was provided. The Corporate Debtor defaulted in payment of Rs. 1,22,41,485/-. The Corporate Debtor filed an affidavit admitting the debt and default.
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AAA Facilities…
Global Wind Infrastructure and Services…
The case involves a Company Petition filed by Global Wind Infrastructure and Services Private Limited (Operational Creditor) against AAA Facilities Solutions Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor is engaged in the business of operation and maintenance of wind farm projects. The Corporate Debtor is engaged in setting up of Wind Farms. The Operational Creditor and Corporate Debtor entered into an agreement for maintenance services.
Global Wind Infrastructure and Services Private Limited (Operational Creditor) filed a Company Petition against AAA Facilities Solutions Private Limited (Corporate Debtor) under Section 9 of the IBC, 2016. The Operational Creditor and Corporate Debtor entered into an agreement for maintenance services. The Operational Creditor rendered services and raised invoices, which remained unpaid. The Corporate Debtor never raised any disputes regarding the invoices and acknowledged the receipt of services. A demand notice was sent by the Operational Creditor to the Corporate Debtor on 2022-12-02, which was received, but no reply was provided. The Corporate Debtor defaulted in payment of Rs. 1,22,41,485/-. The Corporate Debtor filed an affidavit admitting the debt and default.
…AAA Facilities…
Global Wind Infrastructure and Services…