2019 (3) TMI 879

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..... to execute the contract awarded to it and miserably failed to fulfill its obligations. In fact, the Operational Creditor abandoned the project midway without any notice; all the personnel of the Operational Creditor were also removed from the project site in August, 2017. In this background, the Corporate Debtor was forced to engage another contractor by issuing second work order dated 15th August .....

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..... order dated 17th December, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), Bench III, New Delhi, whereby and whereunder application under Section 9 preferred by Appellant for initiation of Corporate Insolvency Resolution Process against M/s Parnika Commercial Estates Pvt. Ltd. has been rejected. 2. Heard learned counsel appearing on behalf of the Appellant and pe .....

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