The case involves an application filed by Global Infra, a registered Partnership Firm (Financial Creditor), under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s. AKR Holdings Private Limited (Corporate Debtor). The Financial Creditor seeks to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, declare a moratorium, and appoint an Interim Resolution Professional (IRP). The matter was initially fixed for hearing on 19.11.2018, but the Counsel for the Financial Creditor requested an earlier hearing.
Global Infra, a registered partnership firm, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against AKR Holdings Private Limited. Global Infra claimed an outstanding amount of Rs. 23,20,190/- as of 10.07.2018, which AKR Holdings Private Limited failed to pay. Global Infra had disbursed Rs. 23,00,000/- to AKR Holdings Private Limited on 13.10.2016, as per the ledger account. The payment was acknowledged by the authorized signatory of AKR Holdings Private Limited. The notice sent to AKR Holdings Private Limited was returned unclaimed. The Financial Creditor provided an email and delivery report. The ledger account issued by the Financial Creditor from 01.04.2017 to 31.03.2018 was placed on record. The Financial Creditor also placed on
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The case involves an application filed by Global Infra, a registered Partnership Firm (Financial Creditor), under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s. AKR Holdings Private Limited (Corporate Debtor). The Financial Creditor seeks to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, declare a moratorium, and appoint an Interim Resolution Professional (IRP). The matter was initially fixed for hearing on 19.11.2018, but the Counsel for the Financial Creditor requested an earlier hearing.
Global Infra, a registered partnership firm, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against AKR Holdings Private Limited. Global Infra claimed an outstanding amount of Rs. 23,20,190/- as of 10.07.2018, which AKR Holdings Private Limited failed to pay. Global Infra had disbursed Rs. 23,00,000/- to AKR Holdings Private Limited on 13.10.2016, as per the ledger account. The payment was acknowledged by the authorized signatory of AKR Holdings Private Limited. The notice sent to AKR Holdings Private Limited was returned unclaimed. The Financial Creditor provided an email and delivery report. The ledger account issued by the Financial Creditor from 01.04.2017 to 31.03.2018 was placed on record. The Financial Creditor also placed on
…The Registry was directed to issue notice to…
The notice sent to the…