R.A.J. Krishna Construction Company Private Limited (Operational Creditor) filed a petition seeking initiation of CIRP against Newera Solutions Private Limited (Corporate Debtor). The Operational Creditor (OC) entered into a contract with Home & Soul Infratech Private Limited (H&S) on 12.10.2018 for civil and structure works. Subsequently, an MoU was entered into on 07.12.2020 between Newera Solutions and the OC, transferring the rights, title, obligations, and interest of H&S under the work order to the Corporate Debtor. H&S also confirmed this transfer via an addendum dated 14.12.2020. The OC raised invoices/bills on the Corporate Debtor starting 03.02.2021, and the Corporate Debtor made intermittent payments. A second work order was issued by the
…R.A.J. Krishna Construction Company Private Limited (Operational Creditor) entered into a contract with Home & Soul Infratech Private Limited (H&S) on 12.10.2018 for civil and structure works at Jaypee Green Sports City, Greater Noida, valued at INR 11,94,56,470. Subsequently, on 07.12.2020, an MoU was executed between Newera Solutions Private Limited (Corporate Debtor) and the Operational Creditor, transferring H&S's rights, title, obligations, and interest under the work order to the Corporate Debtor. This transfer was confirmed by H&S via an addendum dated 14.12.2020. The Operational Creditor raised invoices/bills on the Corporate Debtor from 03.02.2021, and the Corporate Debtor made intermittent payments totaling INR 6,24,83,788. The Corporate
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R.A.J. Krishna Construction Company entered…
An MoU was entered into between Newera…
R.A.J. Krishna Construction Company Private Limited (Operational Creditor) filed a petition seeking initiation of CIRP against Newera Solutions Private Limited (Corporate Debtor). The Operational Creditor (OC) entered into a contract with Home & Soul Infratech Private Limited (H&S) on 12.10.2018 for civil and structure works. Subsequently, an MoU was entered into on 07.12.2020 between Newera Solutions and the OC, transferring the rights, title, obligations, and interest of H&S under the work order to the Corporate Debtor. H&S also confirmed this transfer via an addendum dated 14.12.2020. The OC raised invoices/bills on the Corporate Debtor starting 03.02.2021, and the Corporate Debtor made intermittent payments. A second work order was issued by the
…R.A.J. Krishna Construction Company Private Limited (Operational Creditor) entered into a contract with Home & Soul Infratech Private Limited (H&S) on 12.10.2018 for civil and structure works at Jaypee Green Sports City, Greater Noida, valued at INR 11,94,56,470. Subsequently, on 07.12.2020, an MoU was executed between Newera Solutions Private Limited (Corporate Debtor) and the Operational Creditor, transferring H&S's rights, title, obligations, and interest under the work order to the Corporate Debtor. This transfer was confirmed by H&S via an addendum dated 14.12.2020. The Operational Creditor raised invoices/bills on the Corporate Debtor from 03.02.2021, and the Corporate Debtor made intermittent payments totaling INR 6,24,83,788. The Corporate
…R.A.J. Krishna Construction Company entered…
An MoU was entered into between Newera…