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NATIONAL COMPANY LAW TRIBUNAL
Shri.Prabhat Kumar Justice V.G Bisht, J
Air Wave Technocrafts Private Limited – Appellant
Versus
Voltas Limited – Respondent
| Table of Content |
|---|
| 1. petition filed under section 9 for operational debt. (Para 1 , 2 , 3) |
| 2. operational creditor claims unpaid debt and details of service provided. (Para 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16) |
| 3. corporate debtor disputes claim on various grounds. (Para 17 , 18 , 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26) |
| 4. court's observations on documentation and disputes. (Para 37 , 38 , 39) |
| 5. court's ruling on limitation and dismissal of the petition. (Para 40 , 41) |
ORDER
1. This Petition CP (IB) 939/MB/2024 is filed by Air Wave Technocrafts Private Limited (hereinafter referred as ‘Applicant’/ ‘Operational Creditor’) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (for brevity ‘the Code/IBC’) seeking initiation of Corporate Insolvency Resolution Process (“CIRP”) against Voltas Limited (hereinafter referred as ‘Respondent’/ ‘Corporate Debtor’) for non- payment of total Operational Debt of Rs. 1,51,12,342.00/- (Rupees One Crore Fifty-One lacs twelve Thousand Three Hundred Forty-Two only), along with interest at the rate of 12% P.a. The Interest thereon calculated w.e.f. 27.12.2021.
2. The principal amount is Rs. 1,20,46,835.00 /- (Rupees Three Crore Fifty-F
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