The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Ritesh More (Operational Creditor) against Marsons Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor defaulted in paying professional fees amounting to Rs. 9,00,000/-. The default occurred on 03/01/2018.
Ritesh More, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Marsons Limited, the Corporate Debtor, due to a default in payment of professional fees amounting to Rs. 9,00,000/-. The default occurred on January 3, 2018. The Operational Creditor issued a notice under Section 8 of the IBC on March 15, 2018, which was received by the Corporate Debtor. In a reply dated March 23, 2018, the Corporate Debtor admitted the debt but claimed inability to pay. The Operational Creditor submitted an affidavit stating that there was no prior dispute regarding the debt. The Operational Creditor also provided a bank statement showing no payment received from the Corporate Debtor. The Corporate Debtor's registered office is
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The Corporate Debtor defaulted in paying…
The Operational Creditor sent a notice under…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Ritesh More (Operational Creditor) against Marsons Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor defaulted in paying professional fees amounting to Rs. 9,00,000/-. The default occurred on 03/01/2018.
Ritesh More, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Marsons Limited, the Corporate Debtor, due to a default in payment of professional fees amounting to Rs. 9,00,000/-. The default occurred on January 3, 2018. The Operational Creditor issued a notice under Section 8 of the IBC on March 15, 2018, which was received by the Corporate Debtor. In a reply dated March 23, 2018, the Corporate Debtor admitted the debt but claimed inability to pay. The Operational Creditor submitted an affidavit stating that there was no prior dispute regarding the debt. The Operational Creditor also provided a bank statement showing no payment received from the Corporate Debtor. The Corporate Debtor's registered office is
…The Corporate Debtor defaulted in paying…
The Operational Creditor sent a notice under…