The case involves an appeal against the order dated 02.08.2022 passed by the National Company Law Tribunal (NCLT), New Delhi, which admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process (CIRP) against Intense Fitness & Spa Pvt. Ltd. The application was filed by CVR Holdings Pvt. Ltd., the financial creditor, alleging default on a loan originally availed from Navayuga Engineering Company Ltd. and subsequently assigned to CVR Holdings. The appellant, Apnaghar Builders Pvt. Ltd., challenged the NCLT order, claiming collusion between the respondents to circumvent proceedings initiated by the appellant against Intense Fitness & Spa Pvt. Ltd. for non-payment of rent. The appellant
…Apnaghar Builders Pvt. Ltd. (Appellant) leased a property to Intense Fitness & Spa Pvt. Ltd. (Respondent No. 1/Corporate Debtor). Respondent No. 1 defaulted on rent payments from 01.11.2018. The Appellant filed CP No. 1754/ND/2019 under Section 9 of the IBC, which was dismissed on 18.03.2020 because the lease rent was not considered an operational debt. Respondent No. 1 filed a civil suit (CS (OS) 667/2019) against the Appellant for Rs. 7,63,08,336/-. The Appellant filed a suit (CS (OS) 164/2020) against Respondent No. 1 for possession and recovery of arrears. The Appellant obtained a decree for possession on 19.04.2022. CVR Holdings Pvt. Ltd. (Respondent No. 2/Financial Creditor) filed CP (IB) No. 228/ND/2022 under Section 7 of the IBC against Respondent No. 1,
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Registered lease agreement between Apnaghar…
Intense Fitness & Spa…
The case involves an appeal against the order dated 02.08.2022 passed by the National Company Law Tribunal (NCLT), New Delhi, which admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process (CIRP) against Intense Fitness & Spa Pvt. Ltd. The application was filed by CVR Holdings Pvt. Ltd., the financial creditor, alleging default on a loan originally availed from Navayuga Engineering Company Ltd. and subsequently assigned to CVR Holdings. The appellant, Apnaghar Builders Pvt. Ltd., challenged the NCLT order, claiming collusion between the respondents to circumvent proceedings initiated by the appellant against Intense Fitness & Spa Pvt. Ltd. for non-payment of rent. The appellant
…Apnaghar Builders Pvt. Ltd. (Appellant) leased a property to Intense Fitness & Spa Pvt. Ltd. (Respondent No. 1/Corporate Debtor). Respondent No. 1 defaulted on rent payments from 01.11.2018. The Appellant filed CP No. 1754/ND/2019 under Section 9 of the IBC, which was dismissed on 18.03.2020 because the lease rent was not considered an operational debt. Respondent No. 1 filed a civil suit (CS (OS) 667/2019) against the Appellant for Rs. 7,63,08,336/-. The Appellant filed a suit (CS (OS) 164/2020) against Respondent No. 1 for possession and recovery of arrears. The Appellant obtained a decree for possession on 19.04.2022. CVR Holdings Pvt. Ltd. (Respondent No. 2/Financial Creditor) filed CP (IB) No. 228/ND/2022 under Section 7 of the IBC against Respondent No. 1,
…Registered lease agreement between Apnaghar…
Intense Fitness & Spa…