Steel Scaff (India) Private Limited, the applicant/operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Dilip Buildcon Limited, the respondent/corporate debtor. The claim was based on unpaid invoices for the supply of equipment, with a total default amount of Rs. 2,62,32,195/-. The respondent argued that there was a pre-existing dispute regarding the quality of materials supplied and collusion between the applicant and one of the respondent's employees.
Steel Scaff (India) Private Limited (Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dilip Buildcon Limited (Respondent). The applicant claimed a default of Rs. 2,62,32,195/- based on unpaid invoices for the supply of scaffolding, shuttering, and propping equipment for various projects of the respondent. The respondent argued that there was a pre-existing dispute regarding the quality of the materials supplied, alleging that the applicant provided substandard materials. The respondent also claimed that the applicant colluded with one of its employees, Shri Eknath Lade, to supply inferior quality materials. The respondent issued purchase orders to the
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The respondent approached the applicant for…
The respondent issued purchase orders to the…
Steel Scaff (India) Private Limited, the applicant/operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Dilip Buildcon Limited, the respondent/corporate debtor. The claim was based on unpaid invoices for the supply of equipment, with a total default amount of Rs. 2,62,32,195/-. The respondent argued that there was a pre-existing dispute regarding the quality of materials supplied and collusion between the applicant and one of the respondent's employees.
Steel Scaff (India) Private Limited (Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dilip Buildcon Limited (Respondent). The applicant claimed a default of Rs. 2,62,32,195/- based on unpaid invoices for the supply of scaffolding, shuttering, and propping equipment for various projects of the respondent. The respondent argued that there was a pre-existing dispute regarding the quality of the materials supplied, alleging that the applicant provided substandard materials. The respondent also claimed that the applicant colluded with one of its employees, Shri Eknath Lade, to supply inferior quality materials. The respondent issued purchase orders to the
…The respondent approached the applicant for…
The respondent issued purchase orders to the…