The Operational Creditor (Excelltech Wind India Pvt. Ltd.) filed an application under Section 9 of the IBC, 2016 to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor (Mytrah Energy India Pvt. Ltd.) for default in discharging the debt.
The Corporate Debtor (CD) engaged the Operational Creditor (OC) for supplying materials and erection at CD's wind and solar energy projects.
The CD issued letters assuring payment for the Kamareddy and Aspari sites as per a schedule, but payments were delayed.
The CD released some payments but defaulted on other invoices, leading to a net amount due of Rs. 2,60,90,130.
The OC issued a legal notice demanding the principal debt and interest, but the CD did not pay.
The CD sent a reply legal notice disputing the operational debt and alleging breach of contract.
The OC issued a statutory demand notice under section 8 of IBC, but the CD sent a reply asserting pre-existing disputes.
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CD issued a letter to the OC assuring…
CD issued another letter with an identical…
The Operational Creditor (Excelltech Wind India Pvt. Ltd.) filed an application under Section 9 of the IBC, 2016 to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor (Mytrah Energy India Pvt. Ltd.) for default in discharging the debt.
The Corporate Debtor (CD) engaged the Operational Creditor (OC) for supplying materials and erection at CD's wind and solar energy projects.
The CD issued letters assuring payment for the Kamareddy and Aspari sites as per a schedule, but payments were delayed.
The CD released some payments but defaulted on other invoices, leading to a net amount due of Rs. 2,60,90,130.
The OC issued a legal notice demanding the principal debt and interest, but the CD did not pay.
The CD sent a reply legal notice disputing the operational debt and alleging breach of contract.
The OC issued a statutory demand notice under section 8 of IBC, but the CD sent a reply asserting pre-existing disputes.
…CD issued a letter to the OC assuring…
CD issued another letter with an identical…