The case involves a Company Petition filed by Raiyan Hotels & Resorts Private Limited (Financial Creditor) under section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Unrivalled Projects Private Limited (Corporate Debtor). Concurrently, the Corporate Debtor filed an application under section 65 of the IBC, read with rule 11 of the NCLT Rules, 2016 and section 340 of the Code of Criminal Procedure, 1973, seeking to prosecute Partha Sarathi Dey for perjury.
Raiyan Hotels & Resorts Private Limited, the Financial Creditor, filed a Company Petition under section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Unrivalled Projects Private Limited, the Corporate Debtor. The petition was filed by Partha Sarathi Dey, a director of the Financial Creditor, based on a Board Resolution dated July 20, 2020. The Financial Creditor claimed a financial debt of Rs.13,24,16,700/- as of May 1, 2020, with the date of default being December 28, 2017, which was the date of acknowledgment of liability and payment of Rs.1,00,000/-.
…An indenture (sale agreement) was entered into…
The last and final tranche of payment was…
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The case involves a Company Petition filed by Raiyan Hotels & Resorts Private Limited (Financial Creditor) under section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Unrivalled Projects Private Limited (Corporate Debtor). Concurrently, the Corporate Debtor filed an application under section 65 of the IBC, read with rule 11 of the NCLT Rules, 2016 and section 340 of the Code of Criminal Procedure, 1973, seeking to prosecute Partha Sarathi Dey for perjury.
Raiyan Hotels & Resorts Private Limited, the Financial Creditor, filed a Company Petition under section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Unrivalled Projects Private Limited, the Corporate Debtor. The petition was filed by Partha Sarathi Dey, a director of the Financial Creditor, based on a Board Resolution dated July 20, 2020. The Financial Creditor claimed a financial debt of Rs.13,24,16,700/- as of May 1, 2020, with the date of default being December 28, 2017, which was the date of acknowledgment of liability and payment of Rs.1,00,000/-.
…An indenture (sale agreement) was entered into…
The last and final tranche of payment was…
Sign in to view related legal provisions.