The case pertains to a Company Petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) by Equilink Capital Management Services Limited, the Operational Creditor, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Kotak Urja Private Limited, the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor defaulted on a payment of Rs. 7,08,000/- which included tax at 18% per annum as per invoice dated 15.05.2019. The Corporate Debtor admitted the liability and acknowledged the debt in a letter dated 21.06.2019, citing financial difficulties and assuring repayment.
Equilink Capital Management Services Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Kotak Urja Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on a payment of Rs. 7,08,000/- as per invoice dated 15.05.2019. This amount included tax at 18% per annum. The Corporate Debtor entered into a Mandate of Authorisation & Consultancy Service with the Operational Creditor on 30.11.2018. The mandate provided for a one-time advisory fee equivalent to 8% of the total transaction value plus a retainer fee of Rs. 12,00,000/-. The Corporate Debtor acknowledged the liability in a letter dated
…Sign in to view the parties.
Corporate Debtor entered into a Mandate of…
Invoice bearing…
The case pertains to a Company Petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) by Equilink Capital Management Services Limited, the Operational Creditor, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Kotak Urja Private Limited, the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor defaulted on a payment of Rs. 7,08,000/- which included tax at 18% per annum as per invoice dated 15.05.2019. The Corporate Debtor admitted the liability and acknowledged the debt in a letter dated 21.06.2019, citing financial difficulties and assuring repayment.
Equilink Capital Management Services Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Kotak Urja Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on a payment of Rs. 7,08,000/- as per invoice dated 15.05.2019. This amount included tax at 18% per annum. The Corporate Debtor entered into a Mandate of Authorisation & Consultancy Service with the Operational Creditor on 30.11.2018. The mandate provided for a one-time advisory fee equivalent to 8% of the total transaction value plus a retainer fee of Rs. 12,00,000/-. The Corporate Debtor acknowledged the liability in a letter dated
…Corporate Debtor entered into a Mandate of…
Invoice bearing…