The case involves a petition filed by Iluminar Engineering Services Private Limited (Operational Creditor) against Innovatione India Projects LLP (Corporate Debtor) under Section 9 of the IBC, 2016. The Operational Creditor provided corporate interior design and fit-out services to the Corporate Debtor from 2019 to July 2022. Disputes arose when invoices raised by the Operational Creditor for certain projects remained unpaid. The Operational Creditor served a demand notice under Section 8 of the IBC, 2016, which the Corporate Debtor contested, alleging deficient services. The Operational Creditor claimed an outstanding amount of Rs. 6,02,19,068.48/-.
Iluminar Engineering Services Private Limited (Operational Creditor) provided corporate interior design and fit-out services to Innovatione India Projects LLP (Corporate Debtor) between 2019 and July 2022. The Operational Creditor claims that the Corporate Debtor defaulted on payments amounting to Rs. 6,02,19,068.48/-, which includes a principal amount of Rs. 4,03,08,250/- and interest of Rs. 1,99,10,818.48/-. The Operational Creditor served a demand notice on 08.09.2022 under Section 8 of the IBC, 2016. The Corporate Debtor replied on 17.09.2022, disputing the claim and alleging deficient services. The Operational Creditor sent a rejoinder on 14.10.2022. The Corporate Debtor argued that the Operational Creditor failed to complete projects in a timely manner and
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Iluminar Engineering Services Private Limited…
Iluminar Engineering Services Private Limited…
The case involves a petition filed by Iluminar Engineering Services Private Limited (Operational Creditor) against Innovatione India Projects LLP (Corporate Debtor) under Section 9 of the IBC, 2016. The Operational Creditor provided corporate interior design and fit-out services to the Corporate Debtor from 2019 to July 2022. Disputes arose when invoices raised by the Operational Creditor for certain projects remained unpaid. The Operational Creditor served a demand notice under Section 8 of the IBC, 2016, which the Corporate Debtor contested, alleging deficient services. The Operational Creditor claimed an outstanding amount of Rs. 6,02,19,068.48/-.
Iluminar Engineering Services Private Limited (Operational Creditor) provided corporate interior design and fit-out services to Innovatione India Projects LLP (Corporate Debtor) between 2019 and July 2022. The Operational Creditor claims that the Corporate Debtor defaulted on payments amounting to Rs. 6,02,19,068.48/-, which includes a principal amount of Rs. 4,03,08,250/- and interest of Rs. 1,99,10,818.48/-. The Operational Creditor served a demand notice on 08.09.2022 under Section 8 of the IBC, 2016. The Corporate Debtor replied on 17.09.2022, disputing the claim and alleging deficient services. The Operational Creditor sent a rejoinder on 14.10.2022. The Corporate Debtor argued that the Operational Creditor failed to complete projects in a timely manner and
…Iluminar Engineering Services Private Limited…
Iluminar Engineering Services Private Limited…