The application was filed by Samal Infra Projects Private Limited, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Sungbo Engineering India Private Limited, the corporate debtor, for an alleged default in payment of an operational debt.
Samal Infra Projects Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Sungbo Engineering India Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an operational debt of Rs.1,55,98,628/- plus 18% interest for services rendered and work undertaken, with the date of default being November 1, 2018. The application was filed on January 9, 2023.
…The Corporate Debtor issued a Letter of Intent…
The Operational Creditor issued a cheque…
Sign in to view related legal provisions.
The application was filed by Samal Infra Projects Private Limited, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Sungbo Engineering India Private Limited, the corporate debtor, for an alleged default in payment of an operational debt.
Samal Infra Projects Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Sungbo Engineering India Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an operational debt of Rs.1,55,98,628/- plus 18% interest for services rendered and work undertaken, with the date of default being November 1, 2018. The application was filed on January 9, 2023.
…The Corporate Debtor issued a Letter of Intent…
The Operational Creditor issued a cheque…
Sign in to view related legal provisions.