Anupam Corporation, a partnership firm, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking the Corporate Insolvency Resolution Process (CIRP) against Kamla Landmarc Properties Private Limited, the Corporate Debtor. The basis for the petition was the Corporate Debtor's default on 07.08.2017, amounting to Rs. 3,60,00,000/-. The Petitioner and the Corporate Debtor had entered into an agreement on 31.04.2014, where the Corporate Debtor agreed to transfer/sell office premises to the Petitioner for a consideration of Rs. 3,60,00,000/-, which was fully paid. The Corporate Debtor handed over possession, and the Petitioner commenced business activities. However, State Bank of India took possession of the office premises on 07.08.2017, under
…Anupam Corporation (Petitioner) and Kamla Landmarc Properties Private Limited (Corporate Debtor) entered into an agreement on 2014-04-31, where the Corporate Debtor agreed to transfer/sell office premises to the Petitioner for Rs. 3,60,00,000/-. The Petitioner paid the entire consideration, and the Corporate Debtor handed over possession. The Petitioner renovated the premises and commenced business activities. State Bank of India (SBI) issued a possession notice on 2015-11-04 under the SARFAESI Act concerning the property. On 2017-08-07, SBI took possession of the office premises. The Corporate Debtor defaulted on 2017-08-07, to the extent of Rs. 3,60,00,000/-. The copy of the petition sent to the Corporate Debtor was returned undelivered. The Petitioner then published
…Sign in to view the parties.
The Petitioner and the Corporate Debtor entered…
State Bank of India issued a possession notice…
Anupam Corporation, a partnership firm, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking the Corporate Insolvency Resolution Process (CIRP) against Kamla Landmarc Properties Private Limited, the Corporate Debtor. The basis for the petition was the Corporate Debtor's default on 07.08.2017, amounting to Rs. 3,60,00,000/-. The Petitioner and the Corporate Debtor had entered into an agreement on 31.04.2014, where the Corporate Debtor agreed to transfer/sell office premises to the Petitioner for a consideration of Rs. 3,60,00,000/-, which was fully paid. The Corporate Debtor handed over possession, and the Petitioner commenced business activities. However, State Bank of India took possession of the office premises on 07.08.2017, under
…Anupam Corporation (Petitioner) and Kamla Landmarc Properties Private Limited (Corporate Debtor) entered into an agreement on 2014-04-31, where the Corporate Debtor agreed to transfer/sell office premises to the Petitioner for Rs. 3,60,00,000/-. The Petitioner paid the entire consideration, and the Corporate Debtor handed over possession. The Petitioner renovated the premises and commenced business activities. State Bank of India (SBI) issued a possession notice on 2015-11-04 under the SARFAESI Act concerning the property. On 2017-08-07, SBI took possession of the office premises. The Corporate Debtor defaulted on 2017-08-07, to the extent of Rs. 3,60,00,000/-. The copy of the petition sent to the Corporate Debtor was returned undelivered. The Petitioner then published
…The Petitioner and the Corporate Debtor entered…
State Bank of India issued a possession notice…