Rajinder Infrastructure Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Panipat Jalandhar NH-1 Tollways Private Limited, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) due to a default in payment of Rs. 1,01,94,426. The petitioner claimed to have supplied services to the respondent, including laying bituminous concrete and cold milling. The respondent contested the application, citing defects in the work, a pre-existing dispute, and that the amount claimed was below the threshold limit for initiating CIRP.
Rajinder Infrastructure Private Limited (the Petitioner) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Panipat Jalandhar NH-1 Tollways Private Limited (the Respondent) for a default of Rs. 1,01,94,426. The Petitioner supplied services, including laying BC with PMB, bituminous concrete, cold milling, and track coat, to the Respondent, with service orders issued in October and November 2020. Part payment was made, but Rs. 1,01,94,426 remained pending. The last payment of Rs. 15,28,637 was received on April 6, 2021. The Respondent raised concerns about defects in the work in July 2021, which the Petitioner replied to in August 2021. The Petitioner issued request letters for payment in June and October 2021 and a demand notice in
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Service orders were issued to the Petitioner for…
The last payment of Rs.…
Rajinder Infrastructure Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Panipat Jalandhar NH-1 Tollways Private Limited, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) due to a default in payment of Rs. 1,01,94,426. The petitioner claimed to have supplied services to the respondent, including laying bituminous concrete and cold milling. The respondent contested the application, citing defects in the work, a pre-existing dispute, and that the amount claimed was below the threshold limit for initiating CIRP.
Rajinder Infrastructure Private Limited (the Petitioner) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Panipat Jalandhar NH-1 Tollways Private Limited (the Respondent) for a default of Rs. 1,01,94,426. The Petitioner supplied services, including laying BC with PMB, bituminous concrete, cold milling, and track coat, to the Respondent, with service orders issued in October and November 2020. Part payment was made, but Rs. 1,01,94,426 remained pending. The last payment of Rs. 15,28,637 was received on April 6, 2021. The Respondent raised concerns about defects in the work in July 2021, which the Petitioner replied to in August 2021. The Petitioner issued request letters for payment in June and October 2021 and a demand notice in
…Service orders were issued to the Petitioner for…
The last payment of Rs.…