2019 (12) TMI 1410

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....vency Resolution Process (CIRP) against Travel Food Services Chennai Private Limited (hereinafter called "Corporate Debtor") alleging that Corporate Debtor committed default on 24.08.2018 in making payment of Rs. 53,17,953/- including interest @ 18% p.a., by invoking the provisions of Section 8 and 9 of the Insolvency & Bankruptcy Code (hereinafter called "Code") read with Rule 5 and 6 of Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016. 2. The petition reveals that the Corporate Debtor approached the Petitioner and requested them to carry out civil work, interior work at Chennai Airport and a work order was issued by the Corporate Debtor to the Petitioner on 09.08.2016 vide work order no. TFSCPL/Chennai/16-17/....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rporate Debtor. The work order was issued for an aggregate contract value of Rs. 1,14,04,128/- and that the Corporate Debtor had already paid an amount of Rs. 1,04,52,250/-. The ledger statement thus certified the amount paid by the Corporate Debtor to the Petitioner. 4. The Corporate Debtor has enclosed the following emails, which were all before the issue of demand notice dated 04.12.2018 to show that there is a pre-existing dispute. (a) Email dated 14.03.2018 sent by the Corporate Debtor to the Petitioner "Bala We already closed it, you have to prove no delay from your end Whatever documents share by its not justified anything Regards Shadab Sukri" (b) Email dated 15.03.2018 sent by the Petitioner t....