2020 (2) TMI 760

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....olvency Resolution Process of M/s. Chhattisgarh State Power Generation Company Ltd. 2. The respondent M/s. Chhattisgarh State Power Generation Company Ltd. is a company limited by shares, registered under the provisions of the Companies Act, 1956, bearing CIN: U40108CT20O3SGC015821. 3. This application was originally filed before NCLT, Mumbai Bench numbered as CP (IB) No. 741/MB/2019. After the constitution of NCLT, Cuttack Bench, the matter was transferred and re-numbered as TP No. 113/CTB/2019. 4. The Registered Office of the Corporate Debtor is situated at Raipur, Chhattisgarh. Hence, this Adjudicating Authority has jurisdiction to entertain this petition. 5. This application is filed under Section 9 of the Insolvency and Ban....

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....r are only sub-contractor under the said M/s. RITES Ltd. 6. Meanwhile, there were lots of discussion between the parties. By Memo dated 11.11.2019, the Corporate Debtor has submitted the detailed breakup and payment made to the Operational Creditor. The Corporate Debtor in the Memo dated 11.11.2019 has stated below- Head Amount Claimed Payment Made Credit to A/c Statutory Deduction     Security Deposit     Rs. 2,25,68,169/- BY RITES Rs. 50,00,000/- on 27.08.2019 BY CSPGCL Rs. 1,75,68,169/- on 29.08.2019     NIL Bill for work value & PVC Rs. 1,65,00,000/- & Rs. 3,15,31,831/- On 22.09.2019 paid Rs. 4,64,03,263/- Rs. 16,59,011/- 7. The Corpora....