The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Esspee Hitech Private Limited against Ablaze Info Solutions Private Limited, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The applicant, Esspee Hitech Private Limited, claims to be an operational creditor of the respondent, Ablaze Info Solutions Private Limited, due to unpaid rent, security, electricity expenses, and service tax/GST under a lease agreement. The respondent failed to appear and resist the petition.
Esspee Hitech Private Limited (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Ablaze Info Solutions Private Limited (the respondent). The applicant claimed to be an operational creditor of the respondent due to unpaid rent, security, electricity expenses, and service tax/GST. The applicant and respondent executed a lease agreement on 07.12.2016 for a property. The rent for December 2016 and January 2017 was duly paid, but security, electricity expenses, and service tax remained unpaid. Starting February 2017, the respondent failed to pay rent, security, electricity expenses, and service tax/GST. The applicant issued a demand notice under
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The applicant and…
The respondent started defaulting on payments…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Esspee Hitech Private Limited against Ablaze Info Solutions Private Limited, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The applicant, Esspee Hitech Private Limited, claims to be an operational creditor of the respondent, Ablaze Info Solutions Private Limited, due to unpaid rent, security, electricity expenses, and service tax/GST under a lease agreement. The respondent failed to appear and resist the petition.
Esspee Hitech Private Limited (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Ablaze Info Solutions Private Limited (the respondent). The applicant claimed to be an operational creditor of the respondent due to unpaid rent, security, electricity expenses, and service tax/GST. The applicant and respondent executed a lease agreement on 07.12.2016 for a property. The rent for December 2016 and January 2017 was duly paid, but security, electricity expenses, and service tax remained unpaid. Starting February 2017, the respondent failed to pay rent, security, electricity expenses, and service tax/GST. The applicant issued a demand notice under
…The applicant and…
The respondent started defaulting on payments…