Tag
SS Rail Works Pvt. Ltd.
8 articles
Persistent payment disputes continue to plague SS Rail Works in the ongoing liquidation of VNR Infrastructure. The National Company Law Tribunal (NCLT) in Hyderabad has repeatedly dismissed SS Rail Works' applications seeking direction for VNR's liquidator to release substantial subcontract payments totaling over ₹3.85 crore, citing the need for adjudication of disputed contractual terms and factual issues. While the liquidator is directed to include these claims in the residual liquidation reconciliation, no immediate payments are mandated, leaving SS Rail Works to pursue remedies against VNR’s new management or through other legal avenues. These recurring setbacks highlight the complexities of resolving subcontractor claims within insolvency proceedings and pose a continued risk to SS Rail Works' financial stability.
NCLT Dismisses SS Rail Works' Payment Claim Against VNR Liquidator
NCLT Hyderabad dismissed SS Rail Works' application seeking direction to VNR Infrastructure's liquidator to process and release Rs 7.76 lakh railway subcontract payment.
Tribunal found disputed questi
NCLT Dismisses SS Rail Works' VNR Infrastructure Liquidation Claim
NCLT Hyderabad dismissed SS Rail Works' application seeking Rs 25.91 lakh payment from VNR Infrastructure's liquidator for subcontract railway works.
The tribunal found the application sought adjudica
NCLT Dismisses SS Rail Works VNR Payment Application
NCLT Hyderabad dismissed SS Rail Works' application seeking direction for VNR Infrastructure's liquidator to process and release a final bill of ₹65.63 lakh for subcontract railway work.
The applicant
VNR Infrastructure Liquidation Subcontractor Payment Dispute Dismissed
NCLT Hyderabad dismissed eight IAs filed by subcontractor SS Rail Works seeking payment of Rs 34.31 lakh from VNR Infrastructure's liquidator.
The applicant claimed the liquidator failed to release pa
VNR Infrastructure Subcontractor Payment Dispute Dismissed
NCLT Hyderabad dismisses SS Rail Works' application seeking Rs 1.58 crore payment from VNR Infrastructure's liquidator.
Applicant claims liquidator failed to release payments received from North East
VNR Infrastructure Subcontractor Payment Claim Dismissed
NCLT Hyderabad dismissed SS Rail Works' application seeking direction to VNR Infrastructure's liquidator to process and release subcontract payments of ₹3.85 crore from North East Frontier Railway.
Th
VNR Infrastructure Liquidation Subcontractor Payment Dispute Dismissed
NCLT Hyderabad dismissed SS Rail Works' application seeking Rs 92.37 lakh payment from VNR Infrastructure's liquidator for subcontract railway work.
The dispute involves unpaid bills for work executed
NCLT Dismisses SS Rail Works' ₹7 Crore VNR Infra Claim
NCLT Hyderabad dismissed an application by SS Rail Works seeking ₹7 crore from VNR Infrastructure's liquidator for subcontract railway work.
The applicant claimed VNR's liquidator failed to release pa