The case involves an application filed by Vijay Ele-Techs Private Limited (Operational Creditor) against Kapico Kerala Resorts Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an outstanding amount of Rs. 2,50,55,770/- for electrification work done for the Corporate Debtor's resort. The Corporate Debtor had entrusted the work of electrification of the resort of the Corporate Debtor at Nediyathuruthu, Alappuzha District to the Operational Creditor on 11.07.2011 and the said contract was amended vide letter dated 19.07.2012. The Corporate Debtor had also placed orders for the installation and supply of 7 number of panel
…Vijay Ele-Techs Private Limited (Operational Creditor) undertook electrification work for Kapico Kerala Resorts Private Limited (Corporate Debtor) at their resort in Nediyathuruthu, Alappuzha District, based on a contract dated 11.07.2011, amended on 19.07.2012. The Corporate Debtor also placed orders for the installation and supply of 7 panel boards vide separate purchase order No.300 dated 17. 05.2012. The Operational Creditor completed the work and installed the panel boards by 2013. The Hon'ble High Court of Kerala directed the demolition of the resorts of the Corporate Debtor for violation of C.R.Z. Regulations. However, the same was stayed by the Hon'ble Supreme Court of India on 08.08.2014. The Operational Creditor and the Corporate Debtor jointly measured the
…Sign in to view the parties.
Corporate Debtor…
Amendment t…
The case involves an application filed by Vijay Ele-Techs Private Limited (Operational Creditor) against Kapico Kerala Resorts Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an outstanding amount of Rs. 2,50,55,770/- for electrification work done for the Corporate Debtor's resort. The Corporate Debtor had entrusted the work of electrification of the resort of the Corporate Debtor at Nediyathuruthu, Alappuzha District to the Operational Creditor on 11.07.2011 and the said contract was amended vide letter dated 19.07.2012. The Corporate Debtor had also placed orders for the installation and supply of 7 number of panel
…Vijay Ele-Techs Private Limited (Operational Creditor) undertook electrification work for Kapico Kerala Resorts Private Limited (Corporate Debtor) at their resort in Nediyathuruthu, Alappuzha District, based on a contract dated 11.07.2011, amended on 19.07.2012. The Corporate Debtor also placed orders for the installation and supply of 7 panel boards vide separate purchase order No.300 dated 17. 05.2012. The Operational Creditor completed the work and installed the panel boards by 2013. The Hon'ble High Court of Kerala directed the demolition of the resorts of the Corporate Debtor for violation of C.R.Z. Regulations. However, the same was stayed by the Hon'ble Supreme Court of India on 08.08.2014. The Operational Creditor and the Corporate Debtor jointly measured the
…Corporate Debtor…
Amendment t…