The case pertains to an application filed by M/s Care Global Services, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s VRX Hospitality Services Pvt. Ltd., the corporate debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed that the corporate debtor defaulted in paying an operational debt of Rs. 3,00,000 despite receiving a demand notice. The operational creditor provided consultancy services to the corporate debtor, who accepted a security deposit as part of the fees.
M/s Care Global Services, an unregistered partnership firm, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s VRX Hospitality Services Pvt. Ltd. The operational creditor claimed that the corporate debtor defaulted on an operational debt of Rs. 3,00,000/- despite a demand notice dated 01.04.2019. The corporate debtor was to provide consultancy services to set up business and/or supplying BPO. On 22.05.2018, an agreement was executed between the parties. The corporate debtor received a security deposit of Rs. 3,00,000/- from the operational creditor. The corporate debtor did not render the required services. The operational creditor delivered a demand notice under Section 8 of IBC, 2016, on 01.04.2019. The corporate debtor did
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The Corporate Debtor executed the agreement to…
The Operational Creditor delivered the…
The case pertains to an application filed by M/s Care Global Services, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s VRX Hospitality Services Pvt. Ltd., the corporate debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed that the corporate debtor defaulted in paying an operational debt of Rs. 3,00,000 despite receiving a demand notice. The operational creditor provided consultancy services to the corporate debtor, who accepted a security deposit as part of the fees.
M/s Care Global Services, an unregistered partnership firm, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s VRX Hospitality Services Pvt. Ltd. The operational creditor claimed that the corporate debtor defaulted on an operational debt of Rs. 3,00,000/- despite a demand notice dated 01.04.2019. The corporate debtor was to provide consultancy services to set up business and/or supplying BPO. On 22.05.2018, an agreement was executed between the parties. The corporate debtor received a security deposit of Rs. 3,00,000/- from the operational creditor. The corporate debtor did not render the required services. The operational creditor delivered a demand notice under Section 8 of IBC, 2016, on 01.04.2019. The corporate debtor did
…The Corporate Debtor executed the agreement to…
The Operational Creditor delivered the…