DTH Infra Engineers Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Hindustan Urvarak & Rasayan Ltd. based on unpaid dues for works executed in connection with the Ammonia-Urea Fertilizer Project at Barauni, Bihar.
DTH Infra Engineers Pvt. Ltd. filed a petition under Section 9 of the IBC against Hindustan Urvarak & Rasayan Ltd.
The claim arises from works executed in connection with the Ammonia-Urea Fertilizer Project at Barauni, Bihar.
Hindustan Urvarak & Rasayan Ltd. (HURL) is the Corporate Debtor.
DTH Infra Engineers Pvt. Ltd. is the Operational Creditor and Applicant.
The Corporate Debtor argued that there was no direct contractual relationship with the Operational Creditor.
Payments made by the Corporate Debtor were conditional and based on certification by BGR Energy Systems Limited (BGRESL).
Indemnity bonds were executed in favor of the Corporate Debtor.
The Corporate Debtor claimed the application was barred by the pecuniary threshold under Section 4 of the IBC.
…Sign in to view the parties.
Minutes of Meeting…
Reconciliation statement dated 14.09.2021 was…
DTH Infra Engineers Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Hindustan Urvarak & Rasayan Ltd. based on unpaid dues for works executed in connection with the Ammonia-Urea Fertilizer Project at Barauni, Bihar.
DTH Infra Engineers Pvt. Ltd. filed a petition under Section 9 of the IBC against Hindustan Urvarak & Rasayan Ltd.
The claim arises from works executed in connection with the Ammonia-Urea Fertilizer Project at Barauni, Bihar.
Hindustan Urvarak & Rasayan Ltd. (HURL) is the Corporate Debtor.
DTH Infra Engineers Pvt. Ltd. is the Operational Creditor and Applicant.
The Corporate Debtor argued that there was no direct contractual relationship with the Operational Creditor.
Payments made by the Corporate Debtor were conditional and based on certification by BGR Energy Systems Limited (BGRESL).
Indemnity bonds were executed in favor of the Corporate Debtor.
The Corporate Debtor claimed the application was barred by the pecuniary threshold under Section 4 of the IBC.
…Minutes of Meeting…
Reconciliation statement dated 14.09.2021 was…