M/S Teneron Limited filed three applications (IA(I.B.C)/4463(PB)2024, IA(I.B.C)/4471(PB)2024, and IA(I.B.C)/251(PB)2025) in CP (IB)/639(PB)/2018, seeking various reliefs related to a job work agreement with M/S Metenere Limited (Corporate Debtor). The applications concern the release of sums, rendering of accounts, and ownership of materials.
M/S Teneron Limited and M/S Metenere Limited (Corporate Debtor) entered into a job work agreement on 01.04.2019.
The Corporate Debtor (M/S Metenere Limited) was admitted into Corporate Insolvency Resolution Process (CIRP) on 25.09.2020.
Surendra Raj Gang was appointed as the Resolution Professional (RP) for the Corporate Debtor.
M/S Teneron Limited claims that it has paid INR 224.31 crores to the Corporate Debtor since the commencement of CIRP but has only received goods worth INR 217 crores in return.
M/S Teneron Limited claims a refund of INR 7.11 crores along with interest at 12%.
M/S Teneron Limited claims that the Corporate Debtor sold 'Dross' generated during the processing of material in breach of the job work agreement.
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M/S Teneron Limited filed three applications (IA(I.B.C)/4463(PB)2024, IA(I.B.C)/4471(PB)2024, and IA(I.B.C)/251(PB)2025) in CP (IB)/639(PB)/2018, seeking various reliefs related to a job work agreement with M/S Metenere Limited (Corporate Debtor). The applications concern the release of sums, rendering of accounts, and ownership of materials.
M/S Teneron Limited and M/S Metenere Limited (Corporate Debtor) entered into a job work agreement on 01.04.2019.
The Corporate Debtor (M/S Metenere Limited) was admitted into Corporate Insolvency Resolution Process (CIRP) on 25.09.2020.
Surendra Raj Gang was appointed as the Resolution Professional (RP) for the Corporate Debtor.
M/S Teneron Limited claims that it has paid INR 224.31 crores to the Corporate Debtor since the commencement of CIRP but has only received goods worth INR 217 crores in return.
M/S Teneron Limited claims a refund of INR 7.11 crores along with interest at 12%.
M/S Teneron Limited claims that the Corporate Debtor sold 'Dross' generated during the processing of material in breach of the job work agreement.
…M/S Teneron Limited and…
M/S Metenere Limited…