The case involves an application filed by Scorpius Trackers Private Limited (the Petitioner) under Section 9 of the Insolvency and Bankruptcy Code (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Mytrah Energy (India) Private Limited (the Respondent). The Petitioner claimed that the Respondent defaulted in discharging a debt due to the Petitioner. The Respondent refuted the claims, asserting that there were disputes regarding the quality of work and that the claims arose from different service orders, which cannot be consolidated. The Respondent also argued that the Petitioner's representative lacked proper authorization and that the debt was disputed.
Scorpius Trackers Private Limited (Petitioner) sought to initiate CIRP against Mytrah Energy (India) Private Limited (Respondent) for alleged debt default. The Petitioner and Respondent had agreements for the supply of materials and supervisory services for solar power projects. The Petitioner issued invoices totaling Rs 18,06,65,068, which were acknowledged by the Respondent. The Respondent made a partial payment of Rs 16,19,26,048, leaving an outstanding debt of Rs 1,16,41,059 as of 25.03.2020. The Petitioner issued two demand notices: one for Rs 38,08,778 (due on 29.09.2019) and another for Rs 78,32,281 (due on 23.02.2020). The Respondent claimed disputes regarding the quality of work and asserted that the claims arose from different service orders. The Respondent
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Petitioner issued a…
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The case involves an application filed by Scorpius Trackers Private Limited (the Petitioner) under Section 9 of the Insolvency and Bankruptcy Code (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Mytrah Energy (India) Private Limited (the Respondent). The Petitioner claimed that the Respondent defaulted in discharging a debt due to the Petitioner. The Respondent refuted the claims, asserting that there were disputes regarding the quality of work and that the claims arose from different service orders, which cannot be consolidated. The Respondent also argued that the Petitioner's representative lacked proper authorization and that the debt was disputed.
Scorpius Trackers Private Limited (Petitioner) sought to initiate CIRP against Mytrah Energy (India) Private Limited (Respondent) for alleged debt default. The Petitioner and Respondent had agreements for the supply of materials and supervisory services for solar power projects. The Petitioner issued invoices totaling Rs 18,06,65,068, which were acknowledged by the Respondent. The Respondent made a partial payment of Rs 16,19,26,048, leaving an outstanding debt of Rs 1,16,41,059 as of 25.03.2020. The Petitioner issued two demand notices: one for Rs 38,08,778 (due on 29.09.2019) and another for Rs 78,32,281 (due on 23.02.2020). The Respondent claimed disputes regarding the quality of work and asserted that the claims arose from different service orders. The Respondent
…Petitioner issued a…
Respondent replied to…