# In the matter of lanco Hills Technology Park Private Limited C.P. (I.B) No. 509-9-HDB-2019

> NCLT judgment dated 2022-04-21. Citation: TCN-2022-NCLT-03142. The case involves an application filed by M/s. Radha Krishna Constructions, the Operational…

- **Court:** NCLT
- **Order date:** 21 Apr 2022
- **Citation:** TCN-2022-NCLT-03142
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/lanco-hills-technology-park-private-limited-cp-ib-no-509-9-hdb-2019-b1c88f84

## Summary

### Background

The case involves an application filed by M/s. Radha Krishna Constructions, the Operational Creditor, against M/s. Lanco Hills Technology Park Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The Operational Creditor claims that the Corporate Debtor defaulted on payments amounting to Rs. 8,23,80,455/- as principal and Rs. 4,91,12,449/- as interest, totaling Rs. 8,23,80,455. The Operational Creditor provided services for excavation of rock by non-explosive method at IT SEZ area and disposal as per letter of Awards Ref:LHTPPL/PROJ/LoA/003 dated 30.08.2016 and LHTPPL/PROJ/LoA/001 dated 30.06.2016 and as per Work Order

…

## Facts

M/s. Radha Krishna Constructions (Operational Creditor) filed a petition against M/s. Lanco Hills Technology Park Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming a default of Rs. 8,23,80,455/-. The Operational Creditor provided services for excavation of rock by non-explosive method at IT SEZ area and disposal as per letter of Awards Ref:LHTPPL/PROJ/LoA/003 dated 30.08.2016 and LHTPPL/PROJ/LoA/001 dated 30.06.2016 and as per Work Order No.430005157 dated 17.09.2016 and Work Order No.4300005102 dated 25.08.2016 and raised invoices. The Operational Creditor submitted invoices RAB 01 dated 12.09.2016 for Rs. 2,59,37,868/- and RAB 02 dated 26.09.2016 for Rs. 1,92,51,808/-. The Corporate Debtor acknowledged the total

…

## Issues and analysis

### Issue 1: Whether the Corporate Debtor committed a …

**Ratio:** The Insolvency and Bankruptcy Code, 2016 defines 'default' as non-payment of debt when it

…

**Reasoning:** The court considered the invoices, payment certificates, and correspondence between the

…

**Interpretation:** The court interpreted the definition of 'default' under the IBC to include the

…

**Application:** The court applied the definition of 'default' to the facts of the case and

…

## Parties

- **Judges:** N.V.RAMAKRISHNA…; Veera Brahma Rao…
- **Appellants:** M/s. Radha…
- **Respondents:** M/s. Lanco Hills…

## Timeline

- **2016-06-30 — Letter of…**: Letter of Awards Ref:LHTPPL/PROJ/LoA/001 dated…
- **2016-08-25 — Work Ord…**: Work Order No.4300005102 dated…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/lanco-hills-technology-park-private-limited-cp-ib-no-509-9-hdb-2019-b1c88f84