The case pertains to an application filed by Mr. Manish Soni, the Operational Creditor (OC), under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) for initiating the Corporate Insolvency Resolution Process (CIRP) against Concept Eduventures Pvt. Ltd, the Corporate Debtor (CD). The CD is a registered Private Limited Company incorporated on 03.09.2010, engaged in imparting education. An agreement was entered into on 01.03.2018 between the OC and the CD, where the OC was engaged as a Member in Chemistry Faculty in CD Institute unit at Guwahati, Assam at a consolidated professional/retainer-ship fee of Rs.1,16,000/- per month. The CD failed to release the monthly retainer-ship fee regularly to the OC, and as on 01.03.2019, an amount of Rs.3,48,000.00 became
…Concept Eduventures Pvt. Ltd. is a registered Private Limited Company incorporated on 03.09.2010, engaged in imparting education. Manish Soni, the Operational Creditor, entered into an agreement on 01.03.2018 with Concept Eduventures Pvt. Ltd., where he was engaged as a Member in Chemistry Faculty in CD Institute unit at Guwahati, Assam at a consolidated professional/retainer-ship fee of Rs.1,16,000/- per month. Concept Eduventures Pvt. Ltd. failed to pay the monthly retainer-ship fee regularly to Manish Soni, and as on 01.03.2019, an amount of Rs.3,48,000.00 became due for payment to Manish Soni. Manish Soni claimed the said amount to be in default as on 01.01.2019 and approached the Tribunal. Concept Eduventures Pvt. Ltd. remained ex-parte despite service of notice.
…Sign in to view the parties.
Concept Eduventures…
Manish Soni and Concept Eduventures Pvt. Ltd.…
The case pertains to an application filed by Mr. Manish Soni, the Operational Creditor (OC), under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) for initiating the Corporate Insolvency Resolution Process (CIRP) against Concept Eduventures Pvt. Ltd, the Corporate Debtor (CD). The CD is a registered Private Limited Company incorporated on 03.09.2010, engaged in imparting education. An agreement was entered into on 01.03.2018 between the OC and the CD, where the OC was engaged as a Member in Chemistry Faculty in CD Institute unit at Guwahati, Assam at a consolidated professional/retainer-ship fee of Rs.1,16,000/- per month. The CD failed to release the monthly retainer-ship fee regularly to the OC, and as on 01.03.2019, an amount of Rs.3,48,000.00 became
…Concept Eduventures Pvt. Ltd. is a registered Private Limited Company incorporated on 03.09.2010, engaged in imparting education. Manish Soni, the Operational Creditor, entered into an agreement on 01.03.2018 with Concept Eduventures Pvt. Ltd., where he was engaged as a Member in Chemistry Faculty in CD Institute unit at Guwahati, Assam at a consolidated professional/retainer-ship fee of Rs.1,16,000/- per month. Concept Eduventures Pvt. Ltd. failed to pay the monthly retainer-ship fee regularly to Manish Soni, and as on 01.03.2019, an amount of Rs.3,48,000.00 became due for payment to Manish Soni. Manish Soni claimed the said amount to be in default as on 01.01.2019 and approached the Tribunal. Concept Eduventures Pvt. Ltd. remained ex-parte despite service of notice.
…Concept Eduventures…
Manish Soni and Concept Eduventures Pvt. Ltd.…