The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by DK Solar Projects & Ventures Private Limited (Operational Creditor) against Ovrview Technologies Private Limited (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt. The Operational Creditor claimed that the Corporate Debtor failed to pay Rs. 40,97,152/-, which included the principal outstanding amount of Rs. 32,02,719/- and an interest amount of Rs. 8,94,433/-. The Corporate Debtor argued that there was a pre-existing dispute regarding the quality of goods supplied and delayed supply, and that the payment was dependent on funds received from Renew Power Limited.
DK Solar Projects & Ventures Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Ovrview Technologies Private Limited (Corporate Debtor) for unpaid operational debt. The Operational Creditor had been providing Solar EPC and O & M services to the Corporate Debtor for several years. The Corporate Debtor failed to make a payment of Rs. 40,97,152/-, including principal and interest. The Operational Creditor issued a demand notice on 05.09.2019. The Corporate Debtor did not reply to the demand notice but sent an email on 10.09.2019 stating that they would clear the outstanding dues in three installments. The Corporate Debtor made a payment of Rs. 4,00,000/- on 12.09.2019. The Corporate
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Invoices raised from 19th March 2018 to 29th…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by DK Solar Projects & Ventures Private Limited (Operational Creditor) against Ovrview Technologies Private Limited (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt. The Operational Creditor claimed that the Corporate Debtor failed to pay Rs. 40,97,152/-, which included the principal outstanding amount of Rs. 32,02,719/- and an interest amount of Rs. 8,94,433/-. The Corporate Debtor argued that there was a pre-existing dispute regarding the quality of goods supplied and delayed supply, and that the payment was dependent on funds received from Renew Power Limited.
DK Solar Projects & Ventures Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Ovrview Technologies Private Limited (Corporate Debtor) for unpaid operational debt. The Operational Creditor had been providing Solar EPC and O & M services to the Corporate Debtor for several years. The Corporate Debtor failed to make a payment of Rs. 40,97,152/-, including principal and interest. The Operational Creditor issued a demand notice on 05.09.2019. The Corporate Debtor did not reply to the demand notice but sent an email on 10.09.2019 stating that they would clear the outstanding dues in three installments. The Corporate Debtor made a payment of Rs. 4,00,000/- on 12.09.2019. The Corporate
…Purchase ord…
Invoices raised from 19th March 2018 to 29th…