Credible Engineering Construction Projects Limited, the Applicant/Operational Creditor (OC), filed IA (I.B.C) No. 2460/MB/2024 on 13.05.2024, 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 stated in the IA, which, according to the Applicant/OC, are relevant in adjudicating the CP(IB) No. 697/MB/2021 (Main Application), filed by the Applicant against Patel Engineering Limited, the Respondent/Corporate Debtor (CD).
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 relating to the civil works project for Koteshwar Hydro Electric Project.
Credible Engineering Construction Projects Limited completed 78.90% of the civil works in the Project by 25.10.2017.
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Credible Engineering Construction Projects…
Credible Engineering Construction Projects…
Credible Engineering Construction Projects Limited, the Applicant/Operational Creditor (OC), filed IA (I.B.C) No. 2460/MB/2024 on 13.05.2024, 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 stated in the IA, which, according to the Applicant/OC, are relevant in adjudicating the CP(IB) No. 697/MB/2021 (Main Application), filed by the Applicant against Patel Engineering Limited, the Respondent/Corporate Debtor (CD).
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 relating to the civil works project for Koteshwar Hydro Electric Project.
Credible Engineering Construction Projects Limited completed 78.90% of the civil works in the Project by 25.10.2017.
…Credible Engineering Construction Projects…
Credible Engineering Construction Projects…