The applicant, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against the corporate debtor due to unpaid operational debt for civil, interior, and finishing work services.
Yogendra Kumar Sharma, sole proprietor of M/s Kumar Builders, filed an application 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 the Corporate Insolvency Resolution Process against Paras Seasons Heaven Pvt. Ltd. The applicant provides civil, interior, and finishing work services. The corporate debtor issued various work orders to the applicant for Project Paras Seasons, Sector 168, Noida. The applicant rendered services and raised RA bills between September 2015 and January 2017. The corporate debtor paid some bills, but an outstanding debt of Rs. 28,83,728/- remained. On November 14, 2018, the applicant served a demand notice under Section
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Paras Seasons Heaven…
The applicant started raising various RA bills…
The applicant, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against the corporate debtor due to unpaid operational debt for civil, interior, and finishing work services.
Yogendra Kumar Sharma, sole proprietor of M/s Kumar Builders, filed an application 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 the Corporate Insolvency Resolution Process against Paras Seasons Heaven Pvt. Ltd. The applicant provides civil, interior, and finishing work services. The corporate debtor issued various work orders to the applicant for Project Paras Seasons, Sector 168, Noida. The applicant rendered services and raised RA bills between September 2015 and January 2017. The corporate debtor paid some bills, but an outstanding debt of Rs. 28,83,728/- remained. On November 14, 2018, the applicant served a demand notice under Section
…Paras Seasons Heaven…
The applicant started raising various RA bills…