B R CONSTRUCTION Vs. G R INFRAPROJECTS LIMITED

JUDGEMENT

(1.) B.R. Construction, a proprietary concern of Mr. Piyush Pareek filed this petition under Section 9 of the Insolvency and Bankruptcy Code read with Rule 6 of the Insolvency and Bankruptcy Adjudicating Authorities Rules, 2016 with a request to trigger Corporate Insolvency Process in respect of G.R. Infraprojects Limited, styling it as Corporate Debtor.

(2.) Petitioner/Operational Creditor is a proprietary concern. G.R. Infraprojects Ltd. is a company registered under the Companies Act with paid up share capital of Rs. 49,72,42,160/-having its registered office at Prahlad Nagar, Vejalpur, Ahmedabad. It is stated that petitioner carried out work contracts for road construction on the basis of work orders placed by the respondent. Total amount of debt claimed in this petition is Rs. 5,22,71,187/-. It is stated that petitioner carried out work in relation to 13 projects. They are detailed as follows:-

(3.) Petitioner filed the documents in relation to each project work, list of bills, quotation, invoice, measurement details etc. According to the petitioner, following are the amounts in default in relation to project No. 1 to 13.