The operational creditor filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to an alleged default in payment of operational debt arising from a settlement agreement.
M/s Ahluwalia Contracts (India) Limited, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Logix Infratech Private Limited, the corporate debtor. The operational creditor is a construction company, and the corporate debtor is engaged in real estate development, specifically a project named 'Blossom Greens' in Noida.
…Corporate Debtor…
Agreement bearing no. M880314 was executed…
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The operational creditor filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to an alleged default in payment of operational debt arising from a settlement agreement.
M/s Ahluwalia Contracts (India) Limited, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Logix Infratech Private Limited, the corporate debtor. The operational creditor is a construction company, and the corporate debtor is engaged in real estate development, specifically a project named 'Blossom Greens' in Noida.
…Corporate Debtor…
Agreement bearing no. M880314 was executed…
Sign in to view related legal provisions.