The case involves an application filed by AKG Shutterings Private Limited, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against APM Design Build Private Limited, the Corporate Debtor, due to outstanding debt.
AKG Shutterings Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC, 2016, to initiate CIRP against APM Design Build Private Limited (Corporate Debtor).
The Date of Default is 30.07.2022.
The Operational Creditor and Corporate Debtor entered into an agreement for the supply of shuttering and scaffolding materials.
The Corporate Debtor defaulted on payments amounting to Rs. 3,73,40,540/-.
A demand notice was issued to the Corporate Debtor on 20.03.2023.
The Corporate Debtor failed to respond to the demand notice.
The Operational Creditor proposed the name of Mr. Gagan Gulati as the Interim Resolution Professional (IRP).
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The present petition was filed on 25.05.2023…
It is submitted that the Date of Default is on…
The case involves an application filed by AKG Shutterings Private Limited, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against APM Design Build Private Limited, the Corporate Debtor, due to outstanding debt.
AKG Shutterings Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC, 2016, to initiate CIRP against APM Design Build Private Limited (Corporate Debtor).
The Date of Default is 30.07.2022.
The Operational Creditor and Corporate Debtor entered into an agreement for the supply of shuttering and scaffolding materials.
The Corporate Debtor defaulted on payments amounting to Rs. 3,73,40,540/-.
A demand notice was issued to the Corporate Debtor on 20.03.2023.
The Corporate Debtor failed to respond to the demand notice.
The Operational Creditor proposed the name of Mr. Gagan Gulati as the Interim Resolution Professional (IRP).
The present petition was filed on 25.05.2023…
It is submitted that the Date of Default is on…