The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, by G-Tech Construction and Fabricators (Operational Creditor) to initiate the Corporate Insolvency Resolution Process (CIRP) against Central Coalfields Limited (Corporate Debtor). The Operational Creditor claimed default on payments for work orders related to 'Repair and maintenance' and 'Construction' projects. The Corporate Debtor allegedly failed to make timely payments despite repeated requests and reminders.
G-Tech Construction and Fabricators (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Central Coalfields Limited (Corporate Debtor). The Operational Creditor is a registered Partnership Firm and an MSME unit. The claim arises from two work orders: Site-1 dated 28.12.2017 for 'Repair and maintenance' and Site-2 dated 24.01.2018 for 'Construction'. The Operational Creditor claims that the Corporate Debtor has unequivocally admitted and acknowledged that the actual work was completed within the contractual completion date. Completion Certificates were issued by the Corporate Debtor. The Operational Creditor alleges that the Corporate Debtor failed to make timely payments despite repeated
…Sign in to view the parties.
A Work Order for Site-1…
A Work Order for Site-2…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, by G-Tech Construction and Fabricators (Operational Creditor) to initiate the Corporate Insolvency Resolution Process (CIRP) against Central Coalfields Limited (Corporate Debtor). The Operational Creditor claimed default on payments for work orders related to 'Repair and maintenance' and 'Construction' projects. The Corporate Debtor allegedly failed to make timely payments despite repeated requests and reminders.
G-Tech Construction and Fabricators (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Central Coalfields Limited (Corporate Debtor). The Operational Creditor is a registered Partnership Firm and an MSME unit. The claim arises from two work orders: Site-1 dated 28.12.2017 for 'Repair and maintenance' and Site-2 dated 24.01.2018 for 'Construction'. The Operational Creditor claims that the Corporate Debtor has unequivocally admitted and acknowledged that the actual work was completed within the contractual completion date. Completion Certificates were issued by the Corporate Debtor. The Operational Creditor alleges that the Corporate Debtor failed to make timely payments despite repeated
…A Work Order for Site-1…
A Work Order for Site-2…