Ahuja Residency Private Limited, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Primus Energy Solutions Private Limited, the corporate debtor, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) for unpaid dues related to guest house services. The corporate debtor disputed the claim, alleging a pre-existing dispute regarding the tariff structure (monthly vs. yearly basis) for the guest house services provided.
Ahuja Residency Private Limited (Operational Creditor) provided guest house services to Primus Energy Solutions Private Limited (Corporate Debtor). The Corporate Debtor booked the guest house for its executives. The Operational Creditor raised invoices for these services. Out of 20 invoices, 14 were fully paid, and 6 were partly paid. The Corporate Debtor paid Rs. 50,000 out of Rs. 4,42,277 for the 6 unpaid invoices, defaulting on Rs. 3,92,277. The total outstanding balance was Rs. 4,24,197, including interest. The Operational Creditor sent a demand notice under Section 8(1) of IBC, which the Corporate Debtor replied to, denying the existence of the debt, claiming the Operational Creditor concealed the fact that the price was on a monthly basis. The Corporate Debtor
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Operational Creditor raised invoices on the…
Corporate Debt…
Ahuja Residency Private Limited, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Primus Energy Solutions Private Limited, the corporate debtor, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) for unpaid dues related to guest house services. The corporate debtor disputed the claim, alleging a pre-existing dispute regarding the tariff structure (monthly vs. yearly basis) for the guest house services provided.
Ahuja Residency Private Limited (Operational Creditor) provided guest house services to Primus Energy Solutions Private Limited (Corporate Debtor). The Corporate Debtor booked the guest house for its executives. The Operational Creditor raised invoices for these services. Out of 20 invoices, 14 were fully paid, and 6 were partly paid. The Corporate Debtor paid Rs. 50,000 out of Rs. 4,42,277 for the 6 unpaid invoices, defaulting on Rs. 3,92,277. The total outstanding balance was Rs. 4,24,197, including interest. The Operational Creditor sent a demand notice under Section 8(1) of IBC, which the Corporate Debtor replied to, denying the existence of the debt, claiming the Operational Creditor concealed the fact that the price was on a monthly basis. The Corporate Debtor
…Operational Creditor raised invoices on the…
Corporate Debt…