Ashoke Kumar Dasgupta, a home buyer, filed a petition as a financial creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dharitri Infraventure Private Limited, the respondent/corporate debtor, for defaulting on refund of deposited amount. The respondent had confirmed the booking of a flat measuring 600 sq. ft. in its project named Royal Enclave to the applicant via a letter dated 19.01.2016. Since no construction steps were taken, the petitioner sent a notice on 04.09.2017 claiming a refund of Rs. 3,60,000/- paid in two installments.
Ashoke Kumar Dasgupta, a home buyer, booked a flat measuring 600 sq. ft. in a project named Royal Enclave developed by Dharitri Infraventure Private Limited. The booking was confirmed via a letter dated 2016-01-19. The home buyer paid Rs. 2,00,000 at the time of booking and an additional Rs. 1,60,000 in February 2016, totaling Rs. 3,60,000. Since no construction commenced, the home buyer sent a notice on 2017-09-04 seeking a refund. The respondent agreed to refund the amount but denied any interest liability. A demand notice was sent on 2018-12-05, which was delivered on 2018-12-06, but the respondent did not reply. The petitioner then filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP. The Corporate Debtor failed to appear
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Ashoke Kumar Dasgupta, a home buyer, filed a petition as a financial creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dharitri Infraventure Private Limited, the respondent/corporate debtor, for defaulting on refund of deposited amount. The respondent had confirmed the booking of a flat measuring 600 sq. ft. in its project named Royal Enclave to the applicant via a letter dated 19.01.2016. Since no construction steps were taken, the petitioner sent a notice on 04.09.2017 claiming a refund of Rs. 3,60,000/- paid in two installments.
Ashoke Kumar Dasgupta, a home buyer, booked a flat measuring 600 sq. ft. in a project named Royal Enclave developed by Dharitri Infraventure Private Limited. The booking was confirmed via a letter dated 2016-01-19. The home buyer paid Rs. 2,00,000 at the time of booking and an additional Rs. 1,60,000 in February 2016, totaling Rs. 3,60,000. Since no construction commenced, the home buyer sent a notice on 2017-09-04 seeking a refund. The respondent agreed to refund the amount but denied any interest liability. A demand notice was sent on 2018-12-05, which was delivered on 2018-12-06, but the respondent did not reply. The petitioner then filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP. The Corporate Debtor failed to appear
…Respondent confirmed…
Applicant adva…