Jovee Enterprises, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Madesh Human Resources Private Limited, the Corporate Debtor. The petition was based on an outstanding operational debt of Rs. 1,44,60,189/- for manpower supply services, which included principal and interest.
Jovee Enterprises (Operational Creditor) filed a petition under Section 9 of IBC against M/s Madesh Human Resources Private Limited (Corporate Debtor).
The Operational Creditor is engaged in the business of manpower supply and provided services to the Corporate Debtor.
The Corporate Debtor is also engaged in manpower services and was to make payments for invoices and interest in case of delay.
The total outstanding debt claimed is Rs. 1,44,60,189/-, consisting of a principal amount of Rs. 1,29,46,796/- and interest of Rs. 15,13,393/- at 14.85%.
The date of default is 01.08.2023.
The petition was filed on 26.02.2024, which is within the three-year limitation period from the date of default.
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Agreement for supply of manpower services was…
Operational Creditor…
Jovee Enterprises, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Madesh Human Resources Private Limited, the Corporate Debtor. The petition was based on an outstanding operational debt of Rs. 1,44,60,189/- for manpower supply services, which included principal and interest.
Jovee Enterprises (Operational Creditor) filed a petition under Section 9 of IBC against M/s Madesh Human Resources Private Limited (Corporate Debtor).
The Operational Creditor is engaged in the business of manpower supply and provided services to the Corporate Debtor.
The Corporate Debtor is also engaged in manpower services and was to make payments for invoices and interest in case of delay.
The total outstanding debt claimed is Rs. 1,44,60,189/-, consisting of a principal amount of Rs. 1,29,46,796/- and interest of Rs. 15,13,393/- at 14.85%.
The date of default is 01.08.2023.
The petition was filed on 26.02.2024, which is within the three-year limitation period from the date of default.
…Agreement for supply of manpower services was…
Operational Creditor…