The case pertains to an application filed by Eternity Investment Services Private Limited, a financial creditor, under Section 7 of the Insolvency & Bankruptcy Code, 2016, to initiate the insolvency resolution process against Blue Coast Infrastructure Development Private Limited, the respondent-corporate debtor. The petitioner, Eternity Investment Services, sought to recover outstanding dues related to a lease agreement for a unit in a commercial property. The respondent-corporate debtor was incorporated on 28.06.1994 with a registered office in Parwanoo, Himachal Pradesh. The petitioner had previously filed a similar petition, which was withdrawn with the liberty to file a fresh petition. The Chandigarh Administration had granted leasehold rights to Joy Hotel
…Eternity Investment Services Private Limited (the petitioner) filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Blue Coast Infrastructure Development Private Limited (the respondent-corporate debtor). The petitioner claimed to be a financial creditor. The respondent-corporate debtor was incorporated on 28.06.1994. The Chandigarh Administration granted leasehold rights to Joy Hotel & Resorts Private Limited, who then entered into a tripartite agreement with the respondent-corporate debtor and the petitioner on 22.06.2010. Under this agreement, the petitioner was to be allotted Unit No.15 in a commercial property. The petitioner paid installments towards the unit,
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Blue Coast Infrastructur…
Petitioner com…
The case pertains to an application filed by Eternity Investment Services Private Limited, a financial creditor, under Section 7 of the Insolvency & Bankruptcy Code, 2016, to initiate the insolvency resolution process against Blue Coast Infrastructure Development Private Limited, the respondent-corporate debtor. The petitioner, Eternity Investment Services, sought to recover outstanding dues related to a lease agreement for a unit in a commercial property. The respondent-corporate debtor was incorporated on 28.06.1994 with a registered office in Parwanoo, Himachal Pradesh. The petitioner had previously filed a similar petition, which was withdrawn with the liberty to file a fresh petition. The Chandigarh Administration had granted leasehold rights to Joy Hotel
…Eternity Investment Services Private Limited (the petitioner) filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Blue Coast Infrastructure Development Private Limited (the respondent-corporate debtor). The petitioner claimed to be a financial creditor. The respondent-corporate debtor was incorporated on 28.06.1994. The Chandigarh Administration granted leasehold rights to Joy Hotel & Resorts Private Limited, who then entered into a tripartite agreement with the respondent-corporate debtor and the petitioner on 22.06.2010. Under this agreement, the petitioner was to be allotted Unit No.15 in a commercial property. The petitioner paid installments towards the unit,
…Blue Coast Infrastructur…
Petitioner com…