The case originates from a petition filed on 2022-03-28 under Section 9 of the Insolvency and Bankruptcy Code, 2016, by J Rajendra Naidu (Operational Creditor/Petitioner) against M/s. Amma Construction India Private Limited (Corporate Debtor/Respondent). The petitioner sought to initiate Corporate Insolvency Resolution Process (CIRP) due to an alleged default of Rs. 1,41,31,275/-. The Corporate Debtor had entered into a subcontract agreement with HEC India LLP for installation of fence and other works at KIA Motors, and further subcontracted the said work to the Operational Creditor. Work orders were issued, and the Operational Creditor raised running account (RA) bills. Disputes arose regarding payments, leading to the petition.
J Rajendra Naidu, the Operational Creditor/Petitioner, filed a petition against M/s. Amma Construction India Private Limited, the Corporate Debtor/Respondent, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor had entered into a subcontract agreement with HEC India LLP for installation of fence and other works at KIA Motors, and further subcontracted the said work to the Operational Creditor. A work order dated 2018-09-12 was placed for the Petitioner to provide and fix fence work at the KIA work site. The Petitioner raised five running account (RA) bills between 2018-11-15 and 2019-05-31. The Respondent made a payment of Rs. 15,00,000 against the first RA bill, leaving a
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The Corporate Debtor, Amma Constructions…
The corporate debtor…
The case originates from a petition filed on 2022-03-28 under Section 9 of the Insolvency and Bankruptcy Code, 2016, by J Rajendra Naidu (Operational Creditor/Petitioner) against M/s. Amma Construction India Private Limited (Corporate Debtor/Respondent). The petitioner sought to initiate Corporate Insolvency Resolution Process (CIRP) due to an alleged default of Rs. 1,41,31,275/-. The Corporate Debtor had entered into a subcontract agreement with HEC India LLP for installation of fence and other works at KIA Motors, and further subcontracted the said work to the Operational Creditor. Work orders were issued, and the Operational Creditor raised running account (RA) bills. Disputes arose regarding payments, leading to the petition.
J Rajendra Naidu, the Operational Creditor/Petitioner, filed a petition against M/s. Amma Construction India Private Limited, the Corporate Debtor/Respondent, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor had entered into a subcontract agreement with HEC India LLP for installation of fence and other works at KIA Motors, and further subcontracted the said work to the Operational Creditor. A work order dated 2018-09-12 was placed for the Petitioner to provide and fix fence work at the KIA work site. The Petitioner raised five running account (RA) bills between 2018-11-15 and 2019-05-31. The Respondent made a payment of Rs. 15,00,000 against the first RA bill, leaving a
…The Corporate Debtor, Amma Constructions…
The corporate debtor…