The application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Neev Energy LLP, the Operational Creditor, seeking initiation of Corporate Insolvency Resolution Process against Energy Efficiency Services Limited (EESL), the Corporate Debtor. The Operational Creditor is a limited liability partnership, while the Corporate Debtor is a Public Company. The Operational Creditor is in the business of manufacturing, installing, and maintaining LED lights, whereas the Corporate Debtor is a Joint Venture of 4 Central Public Sector Undertakings and the Nodal Agency for implementation of Street Light National Programme (SLNP). The Corporate Debtor issued certain tenders for the State of Uttar Pradesh and Bihar.
Neev Energy LLP, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Energy Efficiency Services Limited (EESL), the Corporate Debtor, seeking initiation of the Corporate Insolvency Resolution Process. The Operational Creditor and the Corporate Debtor entered into agreements for the installation, commissioning, and maintenance of LED lights in Uttar Pradesh and Bihar. The Corporate Debtor issued tenders to the Operational Creditor for carrying out the installation and maintenance of LED lights. The Operational Creditor claimed that the Corporate Debtor failed to make payments for the acknowledged debt of Rs. 3,32,23,171/-. The Corporate Debtor contended that disputes relating to the payment have to be
…Sign in to view the parties.
Employer reference no. EESL/06/2017-2018/DIC-P/1…
Letter of Award issued…
The application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Neev Energy LLP, the Operational Creditor, seeking initiation of Corporate Insolvency Resolution Process against Energy Efficiency Services Limited (EESL), the Corporate Debtor. The Operational Creditor is a limited liability partnership, while the Corporate Debtor is a Public Company. The Operational Creditor is in the business of manufacturing, installing, and maintaining LED lights, whereas the Corporate Debtor is a Joint Venture of 4 Central Public Sector Undertakings and the Nodal Agency for implementation of Street Light National Programme (SLNP). The Corporate Debtor issued certain tenders for the State of Uttar Pradesh and Bihar.
Neev Energy LLP, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Energy Efficiency Services Limited (EESL), the Corporate Debtor, seeking initiation of the Corporate Insolvency Resolution Process. The Operational Creditor and the Corporate Debtor entered into agreements for the installation, commissioning, and maintenance of LED lights in Uttar Pradesh and Bihar. The Corporate Debtor issued tenders to the Operational Creditor for carrying out the installation and maintenance of LED lights. The Operational Creditor claimed that the Corporate Debtor failed to make payments for the acknowledged debt of Rs. 3,32,23,171/-. The Corporate Debtor contended that disputes relating to the payment have to be
…Employer reference no. EESL/06/2017-2018/DIC-P/1…
Letter of Award issued…