No. GIIPL/Seg-A/MA/Extn/52/415 dated 05/09/2016 and 09/02/2017 respectively in respect of which several interior work orders were issued by the Corporate Debtor to the Operational Creditor for interior work. Pursuant to which, the Operational Creditor completed the said work as per the terms and conditions laid down in the agreement with full satisfaction of the Corporate Debtor and the same was confirmed, admitted and acknowledged by the Corporate Debtor. It is submitted that when the Operational Creditor made demand of their bills pursuant to the said agreement, the Corporate Debtor failed to make payment of the bill and the dues of Rs.1,47,74,691/- as on March 31, 2020 are still due and payable by the Corporate Debtor against the said work contract. It is submitted that on January 10, 2019,the Corporate Debtor acknowledged the outstanding dues vide its email and payment certificate dated January 10, 2019. Thereafter, number of reminders and various correspondences were made by the Operational Debtor vide demand notice dated 18.03.2020 and 06.07.2020 the receipt of which has been acknowledged by the Corporate Debtor but till date no payment has been made. It is submitted that on 16th October, 2020, the Corporate Debtor paid Rs. 10,00,000/- and subsequently on 15.01.2021 after receipt of the aforesaid Demand Notice under section 8 of the IB Code, 2016, the Corporate Debtor paid Rs. 10,00,000/- out of the total outstanding dues.
