or 11.06.2018 which automatically stood terminated and for money not received by the Corporate Debtors; the Corporate Debtors cannot be called upon to make payments to the Applicants although the Applicants have breached the terms of the said MOU and have not performed their obligations under the said MOU; the Director of the Applicant, Mr Iyengar D Chakravarthi is claiming alleged amounts allegedly due to him vide this Petition, which is legally not tenable; there are disputes pending with the Applicants and its Director Mr Iyengar since 2018 as regards the non-receipt of all the Work Orders under MOU dated 11.06.2018, Applicant's non-performance of the scope of work under MOU dated 11.06.2018, amongst others, reimbursement of losses suffered by the Corporate Debtors due to the Applicant's nonperformance of its obligations under MOU dated 11.06.2018 as a result of which the Corporate Debtors have suffered Work Order loss of 51.4 MLD of order value amounting to Rs.5.7 Crores; the fact that a police complaint was filed itself shows the existence of a dispute; the alleged dues are disputed as after the said MOU stood terminated, no money is due and payable by the Corporate Debtor to the applicant; the admittedly amounts due and payable have been paid, there was dispute as regards the payment sought by the applicants as the applicants were demanding payments which were not due and payable. The Corporate Debtor has denied all the statements, allegations, submissions contained in the petition.
