Satec Envir Engineering (India) Private Limited, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Shapoorji Pallonji & Company Private Limited, the Corporate Debtor. The Operational Creditor claimed a sum of Rs.3,01,99,983/- in default, including principal and interest under the MSME Act. The default was stated to have occurred on different dates as per respective invoices, with 24th August, 2019, considered as the date of default.
Satec Envir Engineering (India) Private Limited (Operational Creditor) filed a petition against Shapoorji Pallonji & Company Private Limited (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, claiming a default of Rs.3,01,99,983/-. The claim included principal and interest under the MSME Act, with the default date considered as August 24, 2019. The Operational Creditor was awarded a contract for structural steel works for a project in Niamey, Niger, and issued invoices between May and August 2019. A demand notice was issued on February 1, 2021, which the Corporate Debtor denied on February 22, 2021, citing issues with material quality, design delays, and a counter claim of USD 1,94,239.27. Email communications showed discussions on
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Applicant/ Operational Creditor was issued a…
The Applicant/ Operational Creditor issued…
Satec Envir Engineering (India) Private Limited, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Shapoorji Pallonji & Company Private Limited, the Corporate Debtor. The Operational Creditor claimed a sum of Rs.3,01,99,983/- in default, including principal and interest under the MSME Act. The default was stated to have occurred on different dates as per respective invoices, with 24th August, 2019, considered as the date of default.
Satec Envir Engineering (India) Private Limited (Operational Creditor) filed a petition against Shapoorji Pallonji & Company Private Limited (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, claiming a default of Rs.3,01,99,983/-. The claim included principal and interest under the MSME Act, with the default date considered as August 24, 2019. The Operational Creditor was awarded a contract for structural steel works for a project in Niamey, Niger, and issued invoices between May and August 2019. A demand notice was issued on February 1, 2021, which the Corporate Debtor denied on February 22, 2021, citing issues with material quality, design delays, and a counter claim of USD 1,94,239.27. Email communications showed discussions on
…Applicant/ Operational Creditor was issued a…
The Applicant/ Operational Creditor issued…