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CIRP plea filed u/s 9 rejected as site in-charge failed to provide services and couldn’t establish default

May 15, 2020[2020] 116 484 (NCLT - Ahd.)

IBC : Where operational creditor joined corporate debtor company as site in-charge of one of project of corporate debtor and operational creditor had totally failed to provide services to corporate debtor as envisaged in offer letter, that apart, claim of operational creditor was not crystalized so as to establish date of default and amount due and payable, which was one of main ingredients to initiate insolvency proceedings, instant application to initiate CIRP was to be dismissed

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