The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by an Operational Creditor, Mr. R. S. Senthil Kumar, against the Corporate Debtor, M/s. Bharat Medicare Private Limited. The Operational Creditor claimed a principal amount of Rs. 13,49,308 as of January 1, 2015, which the Corporate Debtor allegedly failed to pay. The dispute arises from a lease agreement entered into on October 15, 2008, where the Corporate Debtor leased a building for a monthly rent of Rs. 3,00,000 plus service tax, with a 20% enhancement every three years. The Operational Creditor sent a demand notice on September 18, 2017, under Section 8 of the I&B Code, 2016, demanding the outstanding debt. The Corporate Debtor did not respond to the notice, and
…On October 15, 2008, Mr. R. S. Senthil Kumar (Operational Creditor) and M/s. Bharat Medicare Private Limited (Corporate Debtor) entered into a lease agreement. The agreement stipulated a monthly rent of Rs. 3,00,000 plus applicable service tax, with a 20% rent enhancement every three years, effective from the same date. The Operational Creditor claimed that the Corporate Debtor failed to pay a principal amount of Rs. 13,49,308 as of January 1, 2015. The Operational Creditor sent a demand notice dated September 18, 2017, under Section 8 of the I&B Code, 2016, demanding the outstanding debt. The Corporate Debtor did not reply to the notice. The Operational Creditor filed an affidavit complying with Section 9(3)(b) of the I&B Code, 2016, deposing that the
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Operational Creditor…
Operational Creditor sent a demand notice to…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by an Operational Creditor, Mr. R. S. Senthil Kumar, against the Corporate Debtor, M/s. Bharat Medicare Private Limited. The Operational Creditor claimed a principal amount of Rs. 13,49,308 as of January 1, 2015, which the Corporate Debtor allegedly failed to pay. The dispute arises from a lease agreement entered into on October 15, 2008, where the Corporate Debtor leased a building for a monthly rent of Rs. 3,00,000 plus service tax, with a 20% enhancement every three years. The Operational Creditor sent a demand notice on September 18, 2017, under Section 8 of the I&B Code, 2016, demanding the outstanding debt. The Corporate Debtor did not respond to the notice, and
…On October 15, 2008, Mr. R. S. Senthil Kumar (Operational Creditor) and M/s. Bharat Medicare Private Limited (Corporate Debtor) entered into a lease agreement. The agreement stipulated a monthly rent of Rs. 3,00,000 plus applicable service tax, with a 20% rent enhancement every three years, effective from the same date. The Operational Creditor claimed that the Corporate Debtor failed to pay a principal amount of Rs. 13,49,308 as of January 1, 2015. The Operational Creditor sent a demand notice dated September 18, 2017, under Section 8 of the I&B Code, 2016, demanding the outstanding debt. The Corporate Debtor did not reply to the notice. The Operational Creditor filed an affidavit complying with Section 9(3)(b) of the I&B Code, 2016, deposing that the
…Operational Creditor…
Operational Creditor sent a demand notice to…