Credible Engineering Construction Projects Limited, the Applicant/Operational Creditor (OC), filed IA (I.B.C) No. 2460/MB/2024 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 11 of the National Company Law Tribunal Rules, 2016, for allowing it to produce certain documents relevant to adjudicating the CP(IB) No. 697/MB/2021 (Main Application) against Patel Engineering Limited, the Respondent/Corporate Debtor (CD). The Main Application was filed under Section 9 of the IBC for an alleged default of Rs.50,80,98,477/-.
Credible Engineering Construction Projects Limited filed CP(IB) No. 697/MB/2021 against Patel Engineering Limited under Section 9 of the IBC for an alleged default of Rs.50,80,98,477/-.
The default was based on Patel Engineering Limited's failure to make payments to Credible Engineering Construction Projects Limited as per the Sub-Contract Agreement dated 25.09.2014 and Takeover Agreement dated 31.03.2018.
Credible Engineering Construction Projects Limited filed IA (I.B.C) No. 2460/MB/2024 seeking to produce additional documents relevant to the adjudication of CP(IB) No. 697/MB/2021.
Patel Engineering Limited opposed the IA, arguing that it was filed at a belated stage and would prejudice their interests.
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Applicant/OC and…
Applicant/OC and…
Credible Engineering Construction Projects Limited, the Applicant/Operational Creditor (OC), filed IA (I.B.C) No. 2460/MB/2024 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 11 of the National Company Law Tribunal Rules, 2016, for allowing it to produce certain documents relevant to adjudicating the CP(IB) No. 697/MB/2021 (Main Application) against Patel Engineering Limited, the Respondent/Corporate Debtor (CD). The Main Application was filed under Section 9 of the IBC for an alleged default of Rs.50,80,98,477/-.
Credible Engineering Construction Projects Limited filed CP(IB) No. 697/MB/2021 against Patel Engineering Limited under Section 9 of the IBC for an alleged default of Rs.50,80,98,477/-.
The default was based on Patel Engineering Limited's failure to make payments to Credible Engineering Construction Projects Limited as per the Sub-Contract Agreement dated 25.09.2014 and Takeover Agreement dated 31.03.2018.
Credible Engineering Construction Projects Limited filed IA (I.B.C) No. 2460/MB/2024 seeking to produce additional documents relevant to the adjudication of CP(IB) No. 697/MB/2021.
Patel Engineering Limited opposed the IA, arguing that it was filed at a belated stage and would prejudice their interests.
…Applicant/OC and…
Applicant/OC and…