M/s VM Engineers, an operational creditor, filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking direction from the NCLT to direct the Liquidator of Hindustan Paper Corporation Limited to admit their claim of Rs. 1,04,34,836, which was partially rejected. The Corporate Insolvency Resolution Process (CIRP) was initiated against Hindustan Paper Corporation Limited, and Mr. Kuldeep Verma was appointed as the Interim Resolution Professional (IRP) and later as the Liquidator. The applicant had supplied, erected, and commissioned a 15MT capacity EOT Crane for the corporate debtor.
M/s VM Engineers (Applicant) supplied, erected, and commissioned a 15MT capacity EOT Crane for Hindustan Paper Corporation Limited (Corporate Debtor). The Corporate Debtor issued a purchase order on 11.08.2016 for Rs. 78,22,650 and a work order on 16.02.2017 for Rs. 60,000. The applicant performed its part of the agreement and delivered the crane on 10.01.2017, which was commissioned on 19.04.2017. The applicant raised several invoices and debit notes. The Corporate Debtor admitted its liability towards the applicant but cited financial difficulties. The applicant filed an RTI to inquire about financial assistance received by the Corporate Debtor. A demand notice was issued under Section 8 of the IBC. The CIRP was initiated on 13.06.2018. The applicant filed a claim in
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Corporate Debtor issued a Purchase Order to…
Corporate Debtor issued a Work Order to the…
M/s VM Engineers, an operational creditor, filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking direction from the NCLT to direct the Liquidator of Hindustan Paper Corporation Limited to admit their claim of Rs. 1,04,34,836, which was partially rejected. The Corporate Insolvency Resolution Process (CIRP) was initiated against Hindustan Paper Corporation Limited, and Mr. Kuldeep Verma was appointed as the Interim Resolution Professional (IRP) and later as the Liquidator. The applicant had supplied, erected, and commissioned a 15MT capacity EOT Crane for the corporate debtor.
M/s VM Engineers (Applicant) supplied, erected, and commissioned a 15MT capacity EOT Crane for Hindustan Paper Corporation Limited (Corporate Debtor). The Corporate Debtor issued a purchase order on 11.08.2016 for Rs. 78,22,650 and a work order on 16.02.2017 for Rs. 60,000. The applicant performed its part of the agreement and delivered the crane on 10.01.2017, which was commissioned on 19.04.2017. The applicant raised several invoices and debit notes. The Corporate Debtor admitted its liability towards the applicant but cited financial difficulties. The applicant filed an RTI to inquire about financial assistance received by the Corporate Debtor. A demand notice was issued under Section 8 of the IBC. The CIRP was initiated on 13.06.2018. The applicant filed a claim in
…Corporate Debtor issued a Purchase Order to…
Corporate Debtor issued a Work Order to the…