Rita Kapoor filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, claiming to be a financial creditor of Invest Care Real Estate LLP. The respondent, Invest Care Real Estate LLP, was incorporated on 30.11.2010. The applicant claimed that a loan agreement was documented with Sh. Samar Vijay, and Rs. 40,00,000/- out of Rs. 50,00,000/- advanced by cheque was documented as a loan, with the petitioner inducted as a 'New Partner'. The applicant alleged that a supplementary agreement dated 13.04.2013 was executed, taking the loan as an equity contribution. The respondents allegedly provided a copy of a resolution to convert loan capital to equity without the consent of the 'Promoting Partner', violating clause 18(b) of the LLP agreement. The
…Rita Kapoor, claiming to be a financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Invest Care Real Estate LLP. Invest Care Real Estate LLP was incorporated on 30.11.2010. Rita Kapoor claimed that a loan agreement was documented with Sh. Samar Vijay, and Rs. 40,00,000/- out of Rs. 50,00,000/- advanced by cheque was documented as a loan, with Rita Kapoor inducted as a 'New Partner'. A supplementary agreement dated 13.04.2013 was allegedly executed, taking the loan as an equity contribution. The respondents allegedly provided a copy of a resolution to convert loan capital to equity without the consent of the 'Promoting Partner', violating clause 18(b) of the LLP agreement. Legal notices were sent seeking specific
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Invest Care Rea…
Sh. Ajit Sinha and Ajit…
Rita Kapoor filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, claiming to be a financial creditor of Invest Care Real Estate LLP. The respondent, Invest Care Real Estate LLP, was incorporated on 30.11.2010. The applicant claimed that a loan agreement was documented with Sh. Samar Vijay, and Rs. 40,00,000/- out of Rs. 50,00,000/- advanced by cheque was documented as a loan, with the petitioner inducted as a 'New Partner'. The applicant alleged that a supplementary agreement dated 13.04.2013 was executed, taking the loan as an equity contribution. The respondents allegedly provided a copy of a resolution to convert loan capital to equity without the consent of the 'Promoting Partner', violating clause 18(b) of the LLP agreement. The
…Rita Kapoor, claiming to be a financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Invest Care Real Estate LLP. Invest Care Real Estate LLP was incorporated on 30.11.2010. Rita Kapoor claimed that a loan agreement was documented with Sh. Samar Vijay, and Rs. 40,00,000/- out of Rs. 50,00,000/- advanced by cheque was documented as a loan, with Rita Kapoor inducted as a 'New Partner'. A supplementary agreement dated 13.04.2013 was allegedly executed, taking the loan as an equity contribution. The respondents allegedly provided a copy of a resolution to convert loan capital to equity without the consent of the 'Promoting Partner', violating clause 18(b) of the LLP agreement. Legal notices were sent seeking specific
…Invest Care Rea…
Sh. Ajit Sinha and Ajit…