The case involves an application (IA No. 2613 of 2023) filed by Grim Tech Project India Private Limited to replace Gammon India Limited ('the Original Respondent') with Gammon Engineers and Contractors Private Limited ('Proposed Respondent') in a Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The original petition was filed due to the failure of Gammon India Limited to pay outstanding dues to Grim Tech Project India Private Limited. The applicant claims that the original respondent failed to pay the dues for work done under a work order dated 25.01.2011. The original respondent pointed out that the Civil EPC undertaking was demerged to the proposed respondent pursuant to a scheme of arrangement.
Grim Tech Project India Private Limited (Applicant) entered into a work order agreement with Gammon India Limited (Original Respondent) on 2011-01-25. The Original Respondent requested the Applicant to start mobilization work via letter dated 2011-01-20. The Applicant raised running bills, which were certified by the Original Respondent. The Original Respondent failed to pay the dues. The Applicant sent a statutory notice dated 2015-01-13 under Sections 433 and 434 of the Companies Act, 1956. The Original Respondent replied on 2015-01-22, requesting documentary evidence. The Applicant reduced the claim by Rs. 90,43,984/- on 2016-09-17. The Applicant filed a Company Petition No. 862 of 2016 before the Bombay High Court, which was later transferred to the NCLT on
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Grim Tech Project India Private Limited and…
Gammon India Limited requested Grim Tech…
The case involves an application (IA No. 2613 of 2023) filed by Grim Tech Project India Private Limited to replace Gammon India Limited ('the Original Respondent') with Gammon Engineers and Contractors Private Limited ('Proposed Respondent') in a Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The original petition was filed due to the failure of Gammon India Limited to pay outstanding dues to Grim Tech Project India Private Limited. The applicant claims that the original respondent failed to pay the dues for work done under a work order dated 25.01.2011. The original respondent pointed out that the Civil EPC undertaking was demerged to the proposed respondent pursuant to a scheme of arrangement.
Grim Tech Project India Private Limited (Applicant) entered into a work order agreement with Gammon India Limited (Original Respondent) on 2011-01-25. The Original Respondent requested the Applicant to start mobilization work via letter dated 2011-01-20. The Applicant raised running bills, which were certified by the Original Respondent. The Original Respondent failed to pay the dues. The Applicant sent a statutory notice dated 2015-01-13 under Sections 433 and 434 of the Companies Act, 1956. The Original Respondent replied on 2015-01-22, requesting documentary evidence. The Applicant reduced the claim by Rs. 90,43,984/- on 2016-09-17. The Applicant filed a Company Petition No. 862 of 2016 before the Bombay High Court, which was later transferred to the NCLT on
…Grim Tech Project India Private Limited and…
Gammon India Limited requested Grim Tech…