Live Fashion, an operational creditor, filed a petition under Section 9 of the IBC against JCR Fashion Retail Private Limited, the corporate debtor, for initiation of CIRP due to default in payment of operational debt arising from the supply of garments.
Live Fashion, an operational creditor, filed a petition under Section 9 of the IBC against JCR Fashion Retail Private Limited for initiation of CIRP.
The operational debt claimed was Rs. 5,40,08,259/-, including principal and interest, arising from the supply of garments.
The date of default was stated to be 01.08.2024.
A settlement agreement was entered into between the parties on 26.09.2025, acknowledging a principal outstanding amount of Rs. 4,16,73,003/- and a negotiated interest amount of Rs. 81,00,000/-.
The corporate debtor committed default in repayment of the admitted and acknowledged settled amount.
The operational creditor issued a demand notice dated 20.03.2025 under Section 8 of the Code.
…Sign in to view the parties.
The date of de…
The Operational Creditor issued a Demand Notice…
Live Fashion, an operational creditor, filed a petition under Section 9 of the IBC against JCR Fashion Retail Private Limited, the corporate debtor, for initiation of CIRP due to default in payment of operational debt arising from the supply of garments.
Live Fashion, an operational creditor, filed a petition under Section 9 of the IBC against JCR Fashion Retail Private Limited for initiation of CIRP.
The operational debt claimed was Rs. 5,40,08,259/-, including principal and interest, arising from the supply of garments.
The date of default was stated to be 01.08.2024.
A settlement agreement was entered into between the parties on 26.09.2025, acknowledging a principal outstanding amount of Rs. 4,16,73,003/- and a negotiated interest amount of Rs. 81,00,000/-.
The corporate debtor committed default in repayment of the admitted and acknowledged settled amount.
The operational creditor issued a demand notice dated 20.03.2025 under Section 8 of the Code.
…The date of de…
The Operational Creditor issued a Demand Notice…