Himalaya Intertrade Private Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Loocust Incorp Apparel Export Private Limited, the Corporate Debtor.
Himalaya Intertrade Private Limited filed an application under Section 9 of the IBC, 2016, to initiate CIRP against Loocust Incorp Apparel Export Private Limited.
The Operational Creditor claimed a default of Rs.1,21,03,656/- based on a decree and judgment dated 14.10.2022 passed by the Hon'ble Madras High Court in C.S.(Comm Div) No.47 of 2022.
The Corporate Debtor filed a reply stating that they had filed an application to set aside the ex-parte judgment and decree.
The Corporate Debtor did not reply to the demand notice issued by the Operational Creditor.
The Tribunal found that there was no pre-existing dispute between the parties.
The Tribunal appointed Mr. Mutharasapuram Ganesan Chandrasekaran as the Interim Resolution Professional (IRP).
Sign in to view the parties.
Hon'ble High Court of Judicature at Madras…
Operational Creditor issued a Demand Notice…
Himalaya Intertrade Private Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Loocust Incorp Apparel Export Private Limited, the Corporate Debtor.
Himalaya Intertrade Private Limited filed an application under Section 9 of the IBC, 2016, to initiate CIRP against Loocust Incorp Apparel Export Private Limited.
The Operational Creditor claimed a default of Rs.1,21,03,656/- based on a decree and judgment dated 14.10.2022 passed by the Hon'ble Madras High Court in C.S.(Comm Div) No.47 of 2022.
The Corporate Debtor filed a reply stating that they had filed an application to set aside the ex-parte judgment and decree.
The Corporate Debtor did not reply to the demand notice issued by the Operational Creditor.
The Tribunal found that there was no pre-existing dispute between the parties.
The Tribunal appointed Mr. Mutharasapuram Ganesan Chandrasekaran as the Interim Resolution Professional (IRP).
Hon'ble High Court of Judicature at Madras…
Operational Creditor issued a Demand Notice…