The case involves an application filed by an operational creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process against the corporate debtor due to an alleged default in payment of operational debt.
M/s. Dimension Data India Private Limited, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Karsha Thoughts Technologies Private Limited, the corporate debtor. The application sought to initiate the Corporate Insolvency Resolution Process ( CIRP ) against the corporate debtor, declare a moratorium, and appoint an Interim Resolution Professional. The operational creditor claimed an operational debt of Rs. 21,27,148/-, including interest, and filed the application on February 6, 2018. On August 27, 2018, based on a memo filed by the corporate debtor, the Tribunal passed an order disposing of the petition. The corporate debtor's representative had presented a demand draft for Rs. 3 lakhs and proposed
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M/s. Dimension Data India Private Limited…
The Tribunal disposed of the petition based…
The case involves an application filed by an operational creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process against the corporate debtor due to an alleged default in payment of operational debt.
M/s. Dimension Data India Private Limited, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Karsha Thoughts Technologies Private Limited, the corporate debtor. The application sought to initiate the Corporate Insolvency Resolution Process ( CIRP ) against the corporate debtor, declare a moratorium, and appoint an Interim Resolution Professional. The operational creditor claimed an operational debt of Rs. 21,27,148/-, including interest, and filed the application on February 6, 2018. On August 27, 2018, based on a memo filed by the corporate debtor, the Tribunal passed an order disposing of the petition. The corporate debtor's representative had presented a demand draft for Rs. 3 lakhs and proposed
…M/s. Dimension Data India Private Limited…
The Tribunal disposed of the petition based…