The case involves a dispute over the termination of a works contract awarded to Dharti Dredging and Infrastructure Ltd (Corporate Debtor) by the Government of Kerala, Irrigation Department, for desilting of Mangalam Reservoir. The contract was subsequently sub-contracted to Mantovani Di Dharti Private Limited (MDPL). Delays occurred due to various reasons, including heavy rainfall, COVID-19 restrictions, and non-issuance of e-passes for the sale of dredged materials. The Corporate Debtor faced financial difficulties, leading to the initiation of Corporate Insolvency Resolution Process (CIRP). During the CIRP, the Respondents (Government of Kerala, Irrigation Department) decided to terminate the contract, citing delays and non-performance. The Resolution Professional
…Dharti Dredging and Infrastructure Ltd (Corporate Debtor) was awarded a works contract by the Government of Kerala, Irrigation Department, for desilting of Mangalam Reservoir, agreement dated 09.10.2020. The contract was sub-contracted to Mantovani Di Dharti Private Limited (MDPL) on 01.11.2020. Delays in execution occurred due to heavy rainfall, COVID-19 restrictions, and non-issuance of e-passes for the sale of dredged materials. The Corporate Debtor faced financial difficulties, leading to the initiation of CIRP on 05.04.2022. The Respondents (Government of Kerala, Irrigation Department) decided to terminate the contract in a meeting held on 30.05.2022, communicated via letter dated 02.07.2022, citing delays and non-performance. The Resolution Professional (RP)
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Government of Kerala, Irrigation Department,…
Dharti Dredging and Infrastructure Ltd…
The case involves a dispute over the termination of a works contract awarded to Dharti Dredging and Infrastructure Ltd (Corporate Debtor) by the Government of Kerala, Irrigation Department, for desilting of Mangalam Reservoir. The contract was subsequently sub-contracted to Mantovani Di Dharti Private Limited (MDPL). Delays occurred due to various reasons, including heavy rainfall, COVID-19 restrictions, and non-issuance of e-passes for the sale of dredged materials. The Corporate Debtor faced financial difficulties, leading to the initiation of Corporate Insolvency Resolution Process (CIRP). During the CIRP, the Respondents (Government of Kerala, Irrigation Department) decided to terminate the contract, citing delays and non-performance. The Resolution Professional
…Dharti Dredging and Infrastructure Ltd (Corporate Debtor) was awarded a works contract by the Government of Kerala, Irrigation Department, for desilting of Mangalam Reservoir, agreement dated 09.10.2020. The contract was sub-contracted to Mantovani Di Dharti Private Limited (MDPL) on 01.11.2020. Delays in execution occurred due to heavy rainfall, COVID-19 restrictions, and non-issuance of e-passes for the sale of dredged materials. The Corporate Debtor faced financial difficulties, leading to the initiation of CIRP on 05.04.2022. The Respondents (Government of Kerala, Irrigation Department) decided to terminate the contract in a meeting held on 30.05.2022, communicated via letter dated 02.07.2022, citing delays and non-performance. The Resolution Professional (RP)
…Government of Kerala, Irrigation Department,…
Dharti Dredging and Infrastructure Ltd…