KK Homes, an operational creditor, filed a petition under Section 9 of the IBC against Eylex Films Pvt. Ltd, the corporate debtor, for defaulting on operational debt amounting to Rs. 2,60,20,072.12, including interest. The debt arose from a lease agreement where Eylex Films leased a multiplex from KK Homes but failed to make payments.
KK Homes, the applicant, is a partnership firm engaged in real estate and leasing.
Eylex Films Private Limited, the respondent, is a company engaged in film exhibition and multiplex operations.
A lease agreement was entered on 04.09.2014, where Eylex Films leased a 4-screen multiplex from KK Homes in Sambalpur, Odisha.
Eylex Films defaulted on lease payments, common area maintenance charges, and electricity charges.
KK Homes issued a demand notice on 15.12.2023, claiming Rs. 4,78,56,814/-.
A previous petition, CP(IB) No. 103 of 2024, was dismissed on 30.04.2024 because the lease agreement was unregistered.
KK Homes issued a fresh demand notice on 28.05.2024, demanding Rs. 2,60,20,072.12.
The date of default is stated to be from 10.05.2021.
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Lease Agreement was…
The date of de…
KK Homes, an operational creditor, filed a petition under Section 9 of the IBC against Eylex Films Pvt. Ltd, the corporate debtor, for defaulting on operational debt amounting to Rs. 2,60,20,072.12, including interest. The debt arose from a lease agreement where Eylex Films leased a multiplex from KK Homes but failed to make payments.
KK Homes, the applicant, is a partnership firm engaged in real estate and leasing.
Eylex Films Private Limited, the respondent, is a company engaged in film exhibition and multiplex operations.
A lease agreement was entered on 04.09.2014, where Eylex Films leased a 4-screen multiplex from KK Homes in Sambalpur, Odisha.
Eylex Films defaulted on lease payments, common area maintenance charges, and electricity charges.
KK Homes issued a demand notice on 15.12.2023, claiming Rs. 4,78,56,814/-.
A previous petition, CP(IB) No. 103 of 2024, was dismissed on 30.04.2024 because the lease agreement was unregistered.
KK Homes issued a fresh demand notice on 28.05.2024, demanding Rs. 2,60,20,072.12.
The date of default is stated to be from 10.05.2021.
…Lease Agreement was…
The date of de…