2020 (1) TMI 1530

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....te Debtor. Despite repeated requests and reminders, the Corporate Debtor has failed to liquidated this liability. In view of the same, the Operational Creditor seek initiation of Insolvency Resolution process of the Corporate Debtor. 2. As per the averments, the petitioner is engaged in the business of civil work, carrying out structural work for all types of buildings and water treatment plants, besides other civil construction and has catered to a vast and diverse clientele all over India and globally. It is submitted that the Corporate Debtor approached the operational creditor for availing its services and work orders dated 04.10.2011 and 14.10.2013 were issued for Rs. 47,50,000/- and Rs. 2,07,00,000/- respectively. The Operational C....

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....eeling uncomfortable. You are requested to kindly release the same at the earliest and oblige me You are also requested to kindly direct him not to repeat the same again.  Thanking you and Regards Arun Kumar Sharma 6. The Corporate Debtor's is main resistance is founded on the Letter dated 07.10.2015 being a "Letter of Full and Final Settlement" issued by the Operational Creditor itself against all the work done for them. It is pointed out that the Operational Creditor has deliberately concealed this vital document. This letter which is reproduced below, therefore demolishes any claim made by the Operational Creditor. To Financial Controller M/s Bharat Hotels Limited....