The case involves an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by Aamir Jamal, a home buyer acting as a Financial Creditor (FC), against Futec Shelters Private Ltd., the Corporate Debtor (CD). The applicant seeks initiation of the Corporate Insolvency Resolution Process (CIRP) against the CD due to default in payment of financial debt arising from a Flat Buyer Agreement.
Aamir Jamal, a home buyer, filed an application against Futec Shelters Private Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor (CD) was incorporated on 4.7.2006 with a nominal share capital of Rs.1,20,00,000/- and a paid-up share capital of Rs.3,75,000/-. The registered office is located in Delhi. The debt claimed by the applicant is Rs.44,10,784/-, with payments commencing from 9.7.2011 and ending on 5.8.2016. The total amount claimed, including interest computed till 10.8.2018, is Rs.1,00,85,842/-. The initial date of default was stated as 31.12.2014. The claim arises from a Flat Buyer Agreement dated 3.8.2012 for a flat in Gardenia Gateway, Noida. The agreed project price was Rs.54,16,250/-, and the applicant claims to have
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Futec Shelters…
A Flat Buyer Agreement was executed between…
The case involves an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by Aamir Jamal, a home buyer acting as a Financial Creditor (FC), against Futec Shelters Private Ltd., the Corporate Debtor (CD). The applicant seeks initiation of the Corporate Insolvency Resolution Process (CIRP) against the CD due to default in payment of financial debt arising from a Flat Buyer Agreement.
Aamir Jamal, a home buyer, filed an application against Futec Shelters Private Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor (CD) was incorporated on 4.7.2006 with a nominal share capital of Rs.1,20,00,000/- and a paid-up share capital of Rs.3,75,000/-. The registered office is located in Delhi. The debt claimed by the applicant is Rs.44,10,784/-, with payments commencing from 9.7.2011 and ending on 5.8.2016. The total amount claimed, including interest computed till 10.8.2018, is Rs.1,00,85,842/-. The initial date of default was stated as 31.12.2014. The claim arises from a Flat Buyer Agreement dated 3.8.2012 for a flat in Gardenia Gateway, Noida. The agreed project price was Rs.54,16,250/-, and the applicant claims to have
…Futec Shelters…
A Flat Buyer Agreement was executed between…