The Operational Creditor (OC), Global Wind Infrastructure and Services Private Limited, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Triumvirate Sorority Private Limited, the Corporate Debtor (CD), for initiating Corporate Insolvency Resolution Process (CIRP). The application was filed due to a default of Rs. 2,88,08,385/- for the period from 30.06.2021 to 30.06.2023, based on unpaid invoices for operation and maintenance services of the CD's Wind Turbine Generators (WTGs). The OC claims that the CD acknowledged the debt but failed to make payments despite reminders.
Global Wind Infrastructure and Services Private Limited (Operational Creditor) filed a petition against Triumvirate Sorority Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to unpaid operational debt. The debt amounted to Rs. 2,88,08,385/- for the period 30.06.2021 to 30.06.2023, arising from unpaid invoices for operation and maintenance services of wind farm projects. The Operational Creditor (OC) had an agreement with the Corporate Debtor (CD) for these services, which the CD acknowledged but failed to pay for, citing a lack of funds. The OC issued a demand notice on 01.07.2023, which the CD received on 03.07.2023, but did not respond to or make any payments. The CD admitted the debt in its Affidavit-in-Reply but
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The Operational Creditor (OC) began rendering…
AAA Pivotal Enterprises Private Limited merged…
The Operational Creditor (OC), Global Wind Infrastructure and Services Private Limited, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Triumvirate Sorority Private Limited, the Corporate Debtor (CD), for initiating Corporate Insolvency Resolution Process (CIRP). The application was filed due to a default of Rs. 2,88,08,385/- for the period from 30.06.2021 to 30.06.2023, based on unpaid invoices for operation and maintenance services of the CD's Wind Turbine Generators (WTGs). The OC claims that the CD acknowledged the debt but failed to make payments despite reminders.
Global Wind Infrastructure and Services Private Limited (Operational Creditor) filed a petition against Triumvirate Sorority Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to unpaid operational debt. The debt amounted to Rs. 2,88,08,385/- for the period 30.06.2021 to 30.06.2023, arising from unpaid invoices for operation and maintenance services of wind farm projects. The Operational Creditor (OC) had an agreement with the Corporate Debtor (CD) for these services, which the CD acknowledged but failed to pay for, citing a lack of funds. The OC issued a demand notice on 01.07.2023, which the CD received on 03.07.2023, but did not respond to or make any payments. The CD admitted the debt in its Affidavit-in-Reply but
…The Operational Creditor (OC) began rendering…
AAA Pivotal Enterprises Private Limited merged…