The case pertains to CP (IB) No.99/BB/2019 filed by Mr. Manish Raj, an Operational Creditor, under Section 9 of the IBC, 2016, read with Rule 6 of the I&B (Application to Adjudicating Authority) Rules, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Shorebird Technologies Pvt. Ltd., the Corporate Debtor. The basis for the petition was the Corporate Debtor's alleged default on a total outstanding amount of Rs.48,00,000/-. The case was listed on multiple dates for admission, but remained pending due to requests from the parties for completion of pleadings and settling issues.
Mr. Manish Raj, an operational creditor, filed CP (IB) No.99/BB/2019 against M/s. Shorebird Technologies Pvt. Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The petition was based on an alleged default of Rs.48,00,000/-. The case was listed on multiple dates between February 22, 2019, and July 15, 2019, for admission. During the proceedings, the petitioner sought to withdraw the petition with the liberty to file a fresh petition after serving Form No.3 to the corporate debtor. The respondent did not object to this withdrawal. The key fact is the petitioner's request to withdraw the petition and the respondent's consent, which led to the disposal of
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The case was li…
The case was li…
The case pertains to CP (IB) No.99/BB/2019 filed by Mr. Manish Raj, an Operational Creditor, under Section 9 of the IBC, 2016, read with Rule 6 of the I&B (Application to Adjudicating Authority) Rules, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Shorebird Technologies Pvt. Ltd., the Corporate Debtor. The basis for the petition was the Corporate Debtor's alleged default on a total outstanding amount of Rs.48,00,000/-. The case was listed on multiple dates for admission, but remained pending due to requests from the parties for completion of pleadings and settling issues.
Mr. Manish Raj, an operational creditor, filed CP (IB) No.99/BB/2019 against M/s. Shorebird Technologies Pvt. Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The petition was based on an alleged default of Rs.48,00,000/-. The case was listed on multiple dates between February 22, 2019, and July 15, 2019, for admission. During the proceedings, the petitioner sought to withdraw the petition with the liberty to file a fresh petition after serving Form No.3 to the corporate debtor. The respondent did not object to this withdrawal. The key fact is the petitioner's request to withdraw the petition and the respondent's consent, which led to the disposal of
…The case was li…
The case was li…