JAYCON INFRASTRUCTURE LIMITED Vs. GAYATRI PROJECTS LTD

JUDGEMENT

(1.) The present Company Petition bearing CP (IB) No. /45/09/HDB/2017 is filed by Jaycon Infrastructure Limited, Under Sections 9 r/w 13, 14, 33 of the Insolvency and Bankruptcy Code, 2016 by seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Gayatri Projects Ltd./ Respondent/Corporate Debtor under the provisions of IBC, 2016.

(2.) Brief facts, leading to filing of present petition, which are relevant to the issue in question, are as follows;-

(3.) The Respondent / Corporate Debtorhave filed a counter dated 25th April, 2017 by inter-alia contenting as follows:-