The case involves a petition filed by Mr. Deepak Kumar Dash, an Operational Creditor, against Gammon India Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default amount of Rs. 59,62,507 as of 08/11/2015, along with an additional interest of Rs. 16,99,315 from 08/11/2015 to 07/06/2017, aggregating the total claim to Rs. 76,61,822. The Operational Creditor supplied labor/workforce to the Corporate Debtor for its Chennai Metro Rail Project. The Corporate Debtor retained 5% amount towards retention money. The Operational Creditor issued a winding-up notice dated 16/09/2016 and another notice dated 08/06/2017 after the
…Mr. Deepak Kumar Dash, an Operational Creditor, filed a petition against Gammon India Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default amount of Rs. 59,62,507 as of 08/11/2015, along with an additional interest of Rs. 16,99,315 from 08/11/2015 to 07/06/2017, aggregating the total claim to Rs. 76,61,822. The Operational Creditor supplied labor/workforce to the Corporate Debtor for its Chennai Metro Rail Project. The Corporate Debtor retained 5% amount towards retention money. The Corporate Debtor issued a confirmation letter on 29th September, 2015, confirming the amount payable. The Corporate Debtor made a part
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The Corporate Debtor issued a confirmation…
The case involves a petition filed by Mr. Deepak Kumar Dash, an Operational Creditor, against Gammon India Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default amount of Rs. 59,62,507 as of 08/11/2015, along with an additional interest of Rs. 16,99,315 from 08/11/2015 to 07/06/2017, aggregating the total claim to Rs. 76,61,822. The Operational Creditor supplied labor/workforce to the Corporate Debtor for its Chennai Metro Rail Project. The Corporate Debtor retained 5% amount towards retention money. The Operational Creditor issued a winding-up notice dated 16/09/2016 and another notice dated 08/06/2017 after the
…Mr. Deepak Kumar Dash, an Operational Creditor, filed a petition against Gammon India Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default amount of Rs. 59,62,507 as of 08/11/2015, along with an additional interest of Rs. 16,99,315 from 08/11/2015 to 07/06/2017, aggregating the total claim to Rs. 76,61,822. The Operational Creditor supplied labor/workforce to the Corporate Debtor for its Chennai Metro Rail Project. The Corporate Debtor retained 5% amount towards retention money. The Corporate Debtor issued a confirmation letter on 29th September, 2015, confirming the amount payable. The Corporate Debtor made a part
…The contract between the…
The Corporate Debtor issued a confirmation…