The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Mr. Pramod Singh, the sole proprietor of M/s. N.P. Construction, against M/s. MECON Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The operational debt claimed is Rs. 66,27,45,488/-, including a principal amount of Rs. 7,79,25,442/- awarded by the Jharkhand Micro Small and Medium Enterprises Facilitation Council (JMSMEFC) and interest of Rs. 58,48,20,066/-. The date of default is claimed as August 24, 2021. The legitimacy of the award is under challenge before the Jharkhand High Court. The matter is pending before the Supreme Court.
Mr. Pramod Singh, operating as M/s. N.P. Construction, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. MECON Limited, claiming to be an operational creditor. The total debt claimed is Rs. 66,27,45,488/-, which includes a principal amount of Rs. 7,79,25,442/- awarded by the Jharkhand Micro Small and Medium Enterprises Facilitation Council (JMSMEFC) and interest of Rs. 58,48,20,066/-. The date of default is claimed as August 24, 2021. Work orders were issued to the Operational Creditor for various tasks at Bokaro Steel Plant between 2005 and 2009. The Operational Creditor completed the work and issued invoices between November 2011 and August 2018. As no payment was made, the Operational Creditor filed an application before
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Work order issued to the Operational…
Work order issued to the Operational Creditor…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Mr. Pramod Singh, the sole proprietor of M/s. N.P. Construction, against M/s. MECON Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The operational debt claimed is Rs. 66,27,45,488/-, including a principal amount of Rs. 7,79,25,442/- awarded by the Jharkhand Micro Small and Medium Enterprises Facilitation Council (JMSMEFC) and interest of Rs. 58,48,20,066/-. The date of default is claimed as August 24, 2021. The legitimacy of the award is under challenge before the Jharkhand High Court. The matter is pending before the Supreme Court.
Mr. Pramod Singh, operating as M/s. N.P. Construction, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. MECON Limited, claiming to be an operational creditor. The total debt claimed is Rs. 66,27,45,488/-, which includes a principal amount of Rs. 7,79,25,442/- awarded by the Jharkhand Micro Small and Medium Enterprises Facilitation Council (JMSMEFC) and interest of Rs. 58,48,20,066/-. The date of default is claimed as August 24, 2021. Work orders were issued to the Operational Creditor for various tasks at Bokaro Steel Plant between 2005 and 2009. The Operational Creditor completed the work and issued invoices between November 2011 and August 2018. As no payment was made, the Operational Creditor filed an application before
…Work order issued to the Operational…
Work order issued to the Operational Creditor…