The case involves an application filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, by M/S Suresh Chand & Sons LLP (Operational Creditor) against M/S Bright Buildtech Private Limited (Corporate Debtor). The Operational Creditor was engaged by the Corporate Debtor to sell properties in its project 'Wood View Residences'. Brokerage payments were agreed upon for each sale. The Operational Creditor raised brokerage bills dated 01.06.2015, 03.06.2015, and 03.06.2016, which were acknowledged by the Corporate Debtor. However, the Corporate Debtor failed to clear the dues.
M/S Suresh Chand & Sons LLP (Operational Creditor) was engaged by M/S Bright Buildtech Private Limited (Corporate Debtor) to sell properties in the 'Wood View Residences' project. Brokerage payments were agreed upon. The Operational Creditor raised brokerage bills dated 01.06.2015, 03.06.2015, and 03.06.2016, which were acknowledged by the Corporate Debtor. The Corporate Debtor failed to clear dues of Rs. 85,33,967.00 towards brokerage and Rs. 15,56,561.00 towards service tax, totaling Rs. 1,00,90,528.00. The Operational Creditor sent a demand notice on 15.04.2019, which the Corporate Debtor replied to on 27.04.2019, claiming a pre-existing dispute and limitation. The Operational Creditor filed a petition for CIRP. The Corporate Debtor claimed the invoices were
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Operational C…
Operational C…
The case involves an application filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, by M/S Suresh Chand & Sons LLP (Operational Creditor) against M/S Bright Buildtech Private Limited (Corporate Debtor). The Operational Creditor was engaged by the Corporate Debtor to sell properties in its project 'Wood View Residences'. Brokerage payments were agreed upon for each sale. The Operational Creditor raised brokerage bills dated 01.06.2015, 03.06.2015, and 03.06.2016, which were acknowledged by the Corporate Debtor. However, the Corporate Debtor failed to clear the dues.
M/S Suresh Chand & Sons LLP (Operational Creditor) was engaged by M/S Bright Buildtech Private Limited (Corporate Debtor) to sell properties in the 'Wood View Residences' project. Brokerage payments were agreed upon. The Operational Creditor raised brokerage bills dated 01.06.2015, 03.06.2015, and 03.06.2016, which were acknowledged by the Corporate Debtor. The Corporate Debtor failed to clear dues of Rs. 85,33,967.00 towards brokerage and Rs. 15,56,561.00 towards service tax, totaling Rs. 1,00,90,528.00. The Operational Creditor sent a demand notice on 15.04.2019, which the Corporate Debtor replied to on 27.04.2019, claiming a pre-existing dispute and limitation. The Operational Creditor filed a petition for CIRP. The Corporate Debtor claimed the invoices were
…Operational C…
Operational C…