Vyankatesh Construction, an unregistered partnership firm (Operational Creditor), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Orchid Housing Infra LLP (Corporate Debtor) for defaulting on a principal amount of ₹1,48,13,754, with interest of ₹3,55,876, aggregating to ₹1,51,69,630 as of 2017-11-10. The Corporate Debtor issued work and purchase orders to the Operational Creditor during the financial years 2015-16 and 2016-17 for construction and supply work. The Operational Creditor issued a Section 8 notice, which the Corporate Debtor replied to, denying the amount claimed and raising disputes regarding the quality and nature of the work. The Corporate Debtor also
…Vyankatesh Construction, an unregistered partnership firm, claimed a default of ₹1,51,69,630 from Orchid Housing Infra LLP, a Corporate Debtor, as of 2017-11-10. This amount included principal and interest related to construction and supply work performed by Vyankatesh Construction for Orchid Housing Infra LLP during the financial years 2015-16 and 2016-17. The work involved construction of building structures, supply of Gabion Box Cages, and other civil works at Sunshine Swapna Nagari. Vyankatesh Construction issued a Section 8 notice on 2017-11-14, which was delivered on 2017-11-17. Orchid Housing Infra LLP replied on 2017-11-22, denying the amount and claiming deficiencies in the work. Orchid Housing Infra LLP argued that Vyankatesh Construction was an unregistered
…Sign in to view the parties.
Service agreement…
Date of issue of the…
Vyankatesh Construction, an unregistered partnership firm (Operational Creditor), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Orchid Housing Infra LLP (Corporate Debtor) for defaulting on a principal amount of ₹1,48,13,754, with interest of ₹3,55,876, aggregating to ₹1,51,69,630 as of 2017-11-10. The Corporate Debtor issued work and purchase orders to the Operational Creditor during the financial years 2015-16 and 2016-17 for construction and supply work. The Operational Creditor issued a Section 8 notice, which the Corporate Debtor replied to, denying the amount claimed and raising disputes regarding the quality and nature of the work. The Corporate Debtor also
…Vyankatesh Construction, an unregistered partnership firm, claimed a default of ₹1,51,69,630 from Orchid Housing Infra LLP, a Corporate Debtor, as of 2017-11-10. This amount included principal and interest related to construction and supply work performed by Vyankatesh Construction for Orchid Housing Infra LLP during the financial years 2015-16 and 2016-17. The work involved construction of building structures, supply of Gabion Box Cages, and other civil works at Sunshine Swapna Nagari. Vyankatesh Construction issued a Section 8 notice on 2017-11-14, which was delivered on 2017-11-17. Orchid Housing Infra LLP replied on 2017-11-22, denying the amount and claiming deficiencies in the work. Orchid Housing Infra LLP argued that Vyankatesh Construction was an unregistered
…Service agreement…
Date of issue of the…