E2E Telelink India Pvt. Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Cambridge Energy Resource Pvt. Ltd., alleging a default in payment of operational debt. The operational creditor claimed a total default amount of ₹22,16,395/-, including principal and interest. The corporate debtor acknowledged the debt but cited financial difficulties as the reason for non-payment. The operational creditor had issued a demand notice, which was received by the corporate debtor, but no payment was made. The applicant also sought substitution of the proposed Interim Resolution Professional (IRP) due to reluctance of the initially proposed IRP.
E2E Telelink India Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Cambridge Energy Resource Pvt. Ltd. (Corporate Debtor) due to unpaid operational debt. The Operational Creditor provided building activities and services to the Corporate Debtor, raising invoices for the same. The Corporate Debtor confirmed an outstanding amount of ₹17,68,928/-. The total amount claimed to be in default was ₹22,16,395/-, including principal and interest. A demand notice dated 08.03.2019 was served upon the Corporate Debtor, who failed to comply. The Corporate Debtor admitted the debt but cited bad financial conditions. The Operational Creditor also sought
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Operational Creditor sent reminder letters to…
Operational Creditor sent reminder letters to…
E2E Telelink India Pvt. Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Cambridge Energy Resource Pvt. Ltd., alleging a default in payment of operational debt. The operational creditor claimed a total default amount of ₹22,16,395/-, including principal and interest. The corporate debtor acknowledged the debt but cited financial difficulties as the reason for non-payment. The operational creditor had issued a demand notice, which was received by the corporate debtor, but no payment was made. The applicant also sought substitution of the proposed Interim Resolution Professional (IRP) due to reluctance of the initially proposed IRP.
E2E Telelink India Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Cambridge Energy Resource Pvt. Ltd. (Corporate Debtor) due to unpaid operational debt. The Operational Creditor provided building activities and services to the Corporate Debtor, raising invoices for the same. The Corporate Debtor confirmed an outstanding amount of ₹17,68,928/-. The total amount claimed to be in default was ₹22,16,395/-, including principal and interest. A demand notice dated 08.03.2019 was served upon the Corporate Debtor, who failed to comply. The Corporate Debtor admitted the debt but cited bad financial conditions. The Operational Creditor also sought
…Operational Creditor sent reminder letters to…
Operational Creditor sent reminder letters to…