Objections by Corporate Debtor to Oppose IBC Section 9 Petitions Not To Be A Moonshine Defence

Krishna Hi-Tech Infrastructure Pvt. Ltd. Vs Bengal Shelter Housing Development Ltd. (NCLAT Delhi) Learned counsel for the Appellant challenging the order contends that in fact the Respondent is a defaulting company. They have not made payment on the due dates since it was provided that within 15 days all bills shall be paid. There was delay in making payment and certain payment were made beyond 15 days. It is submitted, with regard to the emails regarding slow progress of work it was the Respondent who themselves have to be blamed and not the contractor. The emails which were sent by the Corpo...