This case involves an appeal against the High Court's order upholding the Commercial Court's decision to deny the defendant-appellant's request for additional time to file a written statement in a civil suit. The suit pertains to monetary liabilities arising from sub-contracts related to public contract works. The appellant had sought a stay of proceedings due to pending insolvency resolution proceedings against the respondent before the NCLT. The Commercial Court rejected the appellant's request, citing the expiration of the 120-day period for filing a written statement under the Commercial Courts Act, 2015. The High Court upheld this decision, leading to the present appeal before the Supreme Court.
Prakash Corporates (appellant) and Dee Vee Projects Limited (respondent) had business dealings related to public contract works. The respondent sub-contracted certain works to the appellant under two work orders dated 01.04.2017 and 01.07.2017. Disputes arose regarding monetary liabilities under these sub-contracts. On 01.07.2020, the appellant sent a demand notice to the respondent under the Insolvency and Bankruptcy Code, 2016, claiming an unpaid operational debt of Rs. 17,94,11,835/-. The respondent denied the claim and made a counter-claim of Rs. 3,73,24,821/-. On 11.09.2020, the appellant initiated corporate insolvency resolution process against the respondent before the NCLT. On 21.12.2020, the respondent filed a suit against the appellant for recovery of Rs.
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First work order…
Second work order…
This case involves an appeal against the High Court's order upholding the Commercial Court's decision to deny the defendant-appellant's request for additional time to file a written statement in a civil suit. The suit pertains to monetary liabilities arising from sub-contracts related to public contract works. The appellant had sought a stay of proceedings due to pending insolvency resolution proceedings against the respondent before the NCLT. The Commercial Court rejected the appellant's request, citing the expiration of the 120-day period for filing a written statement under the Commercial Courts Act, 2015. The High Court upheld this decision, leading to the present appeal before the Supreme Court.
Prakash Corporates (appellant) and Dee Vee Projects Limited (respondent) had business dealings related to public contract works. The respondent sub-contracted certain works to the appellant under two work orders dated 01.04.2017 and 01.07.2017. Disputes arose regarding monetary liabilities under these sub-contracts. On 01.07.2020, the appellant sent a demand notice to the respondent under the Insolvency and Bankruptcy Code, 2016, claiming an unpaid operational debt of Rs. 17,94,11,835/-. The respondent denied the claim and made a counter-claim of Rs. 3,73,24,821/-. On 11.09.2020, the appellant initiated corporate insolvency resolution process against the respondent before the NCLT. On 21.12.2020, the respondent filed a suit against the appellant for recovery of Rs.
…First work order…
Second work order…