Ovaron Infrastructure & MEP Services (Operational Creditor) filed a Section 9 IBC application on 17.02.2025 against Shapoorji Pallonji And Company Private Limited (Corporate Debtor) for initiating CIRP. The OC claimed a default of Rs. 1,20,72,652/-, comprising a principal amount of Rs. 96,18,384/-, statutory interest of Rs. 20,79,883/- under the MSMED Act, 2006, and Rs. 3,74,397/- as 18% GST on interest. The debt arose from MEP services provided under work orders issued by the CD. The OC asserted that the CD acknowledged the debt through TDS deductions and correspondences but failed to pay, leading to a demand notice. The date of default was amended to 13.07.2024.
Ovaron Infrastructure & MEP Services (Operational Creditor) filed C.P. (IB) No. 639 of 2025 on 17.02.2025 under Section 9 of the IBC, 2016.
The application sought initiation of Corporate Insolvency Resolution Process (CIRP) against Shapoorji Pallonji And Company Private Limited (Corporate Debtor).
The Corporate Debtor issued Work Orders bearing Nos. 3200027271 dated 20.03.2020 and 3200027920 dated 20.06.2020 to the Applicant for MEP services.
The Applicant executed the works and raised invoices upon the Corporate Debtor.
A Completion Certificate dated 24.01.2023 was issued by the Corporate Debtor acknowledging completion of the work.
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Work Order No.…
Work Order No. 3200027271 issued by…
Ovaron Infrastructure & MEP Services (Operational Creditor) filed a Section 9 IBC application on 17.02.2025 against Shapoorji Pallonji And Company Private Limited (Corporate Debtor) for initiating CIRP. The OC claimed a default of Rs. 1,20,72,652/-, comprising a principal amount of Rs. 96,18,384/-, statutory interest of Rs. 20,79,883/- under the MSMED Act, 2006, and Rs. 3,74,397/- as 18% GST on interest. The debt arose from MEP services provided under work orders issued by the CD. The OC asserted that the CD acknowledged the debt through TDS deductions and correspondences but failed to pay, leading to a demand notice. The date of default was amended to 13.07.2024.
Ovaron Infrastructure & MEP Services (Operational Creditor) filed C.P. (IB) No. 639 of 2025 on 17.02.2025 under Section 9 of the IBC, 2016.
The application sought initiation of Corporate Insolvency Resolution Process (CIRP) against Shapoorji Pallonji And Company Private Limited (Corporate Debtor).
The Corporate Debtor issued Work Orders bearing Nos. 3200027271 dated 20.03.2020 and 3200027920 dated 20.06.2020 to the Applicant for MEP services.
The Applicant executed the works and raised invoices upon the Corporate Debtor.
A Completion Certificate dated 24.01.2023 was issued by the Corporate Debtor acknowledging completion of the work.
…Work Order No.…
Work Order No. 3200027271 issued by…