The case involves a petition filed by Kataline Infra-Products Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Roadway Solutions India Infra Limited (Corporate Debtor) due to unpaid operational debt. The Operational Creditor provided services related to thermoplastic resin road markings and affixation of reflector beads for the Corporate Debtor, who was a sub-contractor to Reliance Infra Ltd for works executed for Maharashtra State Road Development Corporation Ltd. Disputes arose regarding payments, leading to the Operational Creditor issuing a demand notice and subsequently filing this petition.
Kataline Infra-Products Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Roadway Solutions India Infra Limited (Corporate Debtor). The Operational Creditor provided services related to thermoplastic resin road markings and affixation of reflector beads for the Corporate Debtor. The Corporate Debtor was a sub-contractor to Reliance Infra Ltd for works executed for Maharashtra State Road Development Corporation Ltd. The Operational Creditor submitted a quotation on 28.06.2021, and the Corporate Debtor issued a Work Order on 15.07.2021. The Operational Creditor completed the assigned works and raised Running Account Bills (RA Bills).
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Operational C…
Corporate Debto…
The case involves a petition filed by Kataline Infra-Products Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Roadway Solutions India Infra Limited (Corporate Debtor) due to unpaid operational debt. The Operational Creditor provided services related to thermoplastic resin road markings and affixation of reflector beads for the Corporate Debtor, who was a sub-contractor to Reliance Infra Ltd for works executed for Maharashtra State Road Development Corporation Ltd. Disputes arose regarding payments, leading to the Operational Creditor issuing a demand notice and subsequently filing this petition.
Kataline Infra-Products Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Roadway Solutions India Infra Limited (Corporate Debtor). The Operational Creditor provided services related to thermoplastic resin road markings and affixation of reflector beads for the Corporate Debtor. The Corporate Debtor was a sub-contractor to Reliance Infra Ltd for works executed for Maharashtra State Road Development Corporation Ltd. The Operational Creditor submitted a quotation on 28.06.2021, and the Corporate Debtor issued a Work Order on 15.07.2021. The Operational Creditor completed the assigned works and raised Running Account Bills (RA Bills).
…Operational C…
Corporate Debto…