Me Casa Furnishings Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Bhasin Infotech & Infrastructure Private Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt. The applicant claimed that the corporate debtor defaulted on payments for decorative paintings, plasters, and application of materials for phases I and II of the Grand Venezia Mall project. The corporate debtor disputed the claim, asserting that all payments had been made and that the applicant had referred the matter to mediation.
Me Casa Furnishings Private Limited (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Bhasin Infotech & Infrastructure Private Limited (the corporate debtor). The applicant claimed that the corporate debtor defaulted on payments for decorative paintings, plasters, and application of materials for phase I of the Grand Venezia Mall, Greater Noida, for which a work order was placed on 2012-02-13. After completing work for phase I, the applicant was granted work for phase II in November 2013. The applicant raised invoices for the services rendered, but the corporate debtor defaulted in payment. By August 2015, the contracted quantum of work was completed, and invoices were raised, which were accepted by the
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Corporate debtor placed…
Applicant granted work…
Me Casa Furnishings Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Bhasin Infotech & Infrastructure Private Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt. The applicant claimed that the corporate debtor defaulted on payments for decorative paintings, plasters, and application of materials for phases I and II of the Grand Venezia Mall project. The corporate debtor disputed the claim, asserting that all payments had been made and that the applicant had referred the matter to mediation.
Me Casa Furnishings Private Limited (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Bhasin Infotech & Infrastructure Private Limited (the corporate debtor). The applicant claimed that the corporate debtor defaulted on payments for decorative paintings, plasters, and application of materials for phase I of the Grand Venezia Mall, Greater Noida, for which a work order was placed on 2012-02-13. After completing work for phase I, the applicant was granted work for phase II in November 2013. The applicant raised invoices for the services rendered, but the corporate debtor defaulted in payment. By August 2015, the contracted quantum of work was completed, and invoices were raised, which were accepted by the
…Corporate debtor placed…
Applicant granted work…