M/s KV Interiors & Designers, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Heritage Motels Private Limited, the corporate debtor, due to non-payment of operational dues amounting to Rs. 1,36,62,992/- along with interest. The corporate debtor disputed the claim, citing substandard quality of work and deviations from agreed timelines. The Adjudicating Authority examined the application, replies, rejoinders, and written submissions from both parties.
M/s KV Interiors & Designers (Operational Creditor/Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Heritage Motels Private Limited (Corporate Debtor/Respondent). The operational debt claimed was Rs. 1,36,62,992/- plus interest, totaling Rs. 1,40,19,244.354/-. The Corporate Debtor engaged the Operational Creditor for providing and fixing furniture, POP ceiling, wall & floor tiles installation, paint, and metal doors in Hyatt Place, Jaipur. The Corporate Debtor claimed that the work performed was of inferior quality and substandard, raising concerns via emails prior to the demand notice dated 18.10.2022. The Operational Creditor asserted
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M/s Heritage Motels…
Issuance of work…
M/s KV Interiors & Designers, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Heritage Motels Private Limited, the corporate debtor, due to non-payment of operational dues amounting to Rs. 1,36,62,992/- along with interest. The corporate debtor disputed the claim, citing substandard quality of work and deviations from agreed timelines. The Adjudicating Authority examined the application, replies, rejoinders, and written submissions from both parties.
M/s KV Interiors & Designers (Operational Creditor/Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Heritage Motels Private Limited (Corporate Debtor/Respondent). The operational debt claimed was Rs. 1,36,62,992/- plus interest, totaling Rs. 1,40,19,244.354/-. The Corporate Debtor engaged the Operational Creditor for providing and fixing furniture, POP ceiling, wall & floor tiles installation, paint, and metal doors in Hyatt Place, Jaipur. The Corporate Debtor claimed that the work performed was of inferior quality and substandard, raising concerns via emails prior to the demand notice dated 18.10.2022. The Operational Creditor asserted
…M/s Heritage Motels…
Issuance of work…