Narnarayan Infrastructure Private Limited, the Operational Creditor (OC), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Essel Ahmedabad Godhra Toll Roads Limited, the Corporate Debtor (CD). The OC claimed a default of Rs. 6,16,16,010/- based on unpaid invoices for services rendered as a sub-contractor. The CD contested the application, citing limitation and the existence of a pre-existing dispute. The matter was initially pending before Court III of the Tribunal and later transferred.
Narnarayan Infrastructure Private Limited (OC) filed a CIRP application against Essel Ahmedabad Godhra Toll Roads Limited (CD) under Section 9 of the IBC, claiming a default of Rs. 6,16,16,010/-. The OC provided services to the CD as a sub-contractor based on 18 work orders issued between July 2017 and March 2019, raising 41 invoices. The OC alleged that the CD failed to clear the outstanding dues despite completion of work. The CD made part-payments, with the last payment on 07.03.2019. The OC issued a demand notice on 16.10.2019, which the CD replied to on 31.10.2019, denying liabilities due to lack of reconciliation and non-completion of work. The CD also argued that the application was barred by limitation and that there was a pre-existing dispute. The OC contended
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Corporate Debtor issued 18 work orders to…
Corporate Debtor made…
Narnarayan Infrastructure Private Limited, the Operational Creditor (OC), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Essel Ahmedabad Godhra Toll Roads Limited, the Corporate Debtor (CD). The OC claimed a default of Rs. 6,16,16,010/- based on unpaid invoices for services rendered as a sub-contractor. The CD contested the application, citing limitation and the existence of a pre-existing dispute. The matter was initially pending before Court III of the Tribunal and later transferred.
Narnarayan Infrastructure Private Limited (OC) filed a CIRP application against Essel Ahmedabad Godhra Toll Roads Limited (CD) under Section 9 of the IBC, claiming a default of Rs. 6,16,16,010/-. The OC provided services to the CD as a sub-contractor based on 18 work orders issued between July 2017 and March 2019, raising 41 invoices. The OC alleged that the CD failed to clear the outstanding dues despite completion of work. The CD made part-payments, with the last payment on 07.03.2019. The OC issued a demand notice on 16.10.2019, which the CD replied to on 31.10.2019, denying liabilities due to lack of reconciliation and non-completion of work. The CD also argued that the application was barred by limitation and that there was a pre-existing dispute. The OC contended
…Corporate Debtor issued 18 work orders to…
Corporate Debtor made…