The case involves an application filed by Mahendra Kumar Verma (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Kalpataru Projects International Ltd. The operational creditor claimed a default of Rs.3,61,58,020/- based on a work order for a project named "Lahchoora Water Supply Scheme". The corporate debtor disputed the claim, stating that there was a pre-existing dispute and that payments had been made for the work done. The corporate debtor also raised a preliminary objection under Section 10A of IBC, arguing that the application was barred because the default occurred during the period specified in that section.
Mahendra Kumar Verma, the Operational Creditor, filed an application under Section 9 of the IBC to initiate CIRP against Kalpataru Projects International Ltd for a default of Rs.3,61,58,020/-. The claim arose from a work order issued on 25.05.2021 for the "Lahchoora Water Supply Scheme". The Operational Creditor issued a bill/tax invoice for Rs.1,98,75,321/- on 30.07.2021. The Corporate Debtor contended that there was a discussion on 16.04.2021 to finalize the work order and that a confirmation was issued on 25.05.2021. They also stated that they had paid Rs.1,35,49,084 towards the work executed until September 2021. The Corporate Debtor also claimed that the Operational Creditor raised a claim for extra expenditure during the rainy season. A revised work
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The case involves an application filed by Mahendra Kumar Verma (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Kalpataru Projects International Ltd. The operational creditor claimed a default of Rs.3,61,58,020/- based on a work order for a project named "Lahchoora Water Supply Scheme". The corporate debtor disputed the claim, stating that there was a pre-existing dispute and that payments had been made for the work done. The corporate debtor also raised a preliminary objection under Section 10A of IBC, arguing that the application was barred because the default occurred during the period specified in that section.
Mahendra Kumar Verma, the Operational Creditor, filed an application under Section 9 of the IBC to initiate CIRP against Kalpataru Projects International Ltd for a default of Rs.3,61,58,020/-. The claim arose from a work order issued on 25.05.2021 for the "Lahchoora Water Supply Scheme". The Operational Creditor issued a bill/tax invoice for Rs.1,98,75,321/- on 30.07.2021. The Corporate Debtor contended that there was a discussion on 16.04.2021 to finalize the work order and that a confirmation was issued on 25.05.2021. They also stated that they had paid Rs.1,35,49,084 towards the work executed until September 2021. The Corporate Debtor also claimed that the Operational Creditor raised a claim for extra expenditure during the rainy season. A revised work
…Discussion between…
Work Orde…