The case involves an application filed by Handiman Services Ltd, the Operational Creditor, against Aiyan Marketing Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, declare a moratorium, and appoint an Interim Resolution Professional (IRP). The application was filed due to the Corporate Debtor's alleged default in making payment for security services provided by the Operational Creditor.
Handiman Services Ltd (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Aiyan Marketing Private Limited (Corporate Debtor) due to unpaid dues for security services. The Operational Creditor provided security services to the Corporate Debtor and maintained a running account. The Corporate Debtor acknowledged these services and the debt through an agreement dated 2016-09-01 and a letter dated 2016-09-05. The outstanding amount claimed was Rs. 1,75,698/- along with interest at 24% p.a. The Corporate Debtor was served a demand notice dated 2017-07-01 under Section 8 of the I&B Code, 2016, but did not reply. The Operational Creditor filed an affidavit stating that the Corporate Debtor had not raised any
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Agreement between Operational Creditor and…
Letter from Corporate…
The case involves an application filed by Handiman Services Ltd, the Operational Creditor, against Aiyan Marketing Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, declare a moratorium, and appoint an Interim Resolution Professional (IRP). The application was filed due to the Corporate Debtor's alleged default in making payment for security services provided by the Operational Creditor.
Handiman Services Ltd (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Aiyan Marketing Private Limited (Corporate Debtor) due to unpaid dues for security services. The Operational Creditor provided security services to the Corporate Debtor and maintained a running account. The Corporate Debtor acknowledged these services and the debt through an agreement dated 2016-09-01 and a letter dated 2016-09-05. The outstanding amount claimed was Rs. 1,75,698/- along with interest at 24% p.a. The Corporate Debtor was served a demand notice dated 2017-07-01 under Section 8 of the I&B Code, 2016, but did not reply. The Operational Creditor filed an affidavit stating that the Corporate Debtor had not raised any
…Agreement between Operational Creditor and…
Letter from Corporate…