The case involves C.P. (IB) No.252/BB/2019 filed by M/s. ACC Limited, the Operational Creditor, under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Krishna Enterprises (Housing and Infrastructures) India Private Limited, the Corporate Debtor, on the ground of default. The Corporate Debtor allegedly defaulted on a total outstanding amount of Rs.2,40,000/- plus 12% interest from 24.12.2016.
M/s. ACC Limited, an operational creditor, filed C.P. (IB) No.252/BB/2019 under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Krishna Enterprises (Housing and Infrastructures) India Private Limited, the corporate debtor. The basis for the petition was the corporate debtor's alleged default on an outstanding amount of Rs. 2,40,000 plus 12% interest from December 24, 2016. The petition was filed on May 23, 2019. The registry raised certain office objections on May 29, 2019, which were communicated to the petitioner's counsel. The petitioner failed to comply with the office objections within the stipulated time. The case was listed on July 1, 2019, and July 17, 2019, for
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The Corporate Debtor allegedly defaulted on…
M/s. ACC Limited filed…
The case involves C.P. (IB) No.252/BB/2019 filed by M/s. ACC Limited, the Operational Creditor, under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Krishna Enterprises (Housing and Infrastructures) India Private Limited, the Corporate Debtor, on the ground of default. The Corporate Debtor allegedly defaulted on a total outstanding amount of Rs.2,40,000/- plus 12% interest from 24.12.2016.
M/s. ACC Limited, an operational creditor, filed C.P. (IB) No.252/BB/2019 under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Krishna Enterprises (Housing and Infrastructures) India Private Limited, the corporate debtor. The basis for the petition was the corporate debtor's alleged default on an outstanding amount of Rs. 2,40,000 plus 12% interest from December 24, 2016. The petition was filed on May 23, 2019. The registry raised certain office objections on May 29, 2019, which were communicated to the petitioner's counsel. The petitioner failed to comply with the office objections within the stipulated time. The case was listed on July 1, 2019, and July 17, 2019, for
…The Corporate Debtor allegedly defaulted on…
M/s. ACC Limited filed…