The case involves an application (IA-1121/2023) filed by the Resolution Professional, Ms. Vineeta Maheshwari, concerning M/s Aaj Ka Anand Papers Limited (Corporate Debtor) in CP (IB) No. 760/2021. The application seeks directions to M/s Kwality Catering Services, the licensee of premises owned by the Corporate Debtor, to pay outstanding rent of Rs. 38,19,200/- and vacate the premises. The Corporate Debtor was admitted into CIRP on 31.3.2022 and subsequently ordered to be liquidated on 12.04.2023. The Corporate Debtor had entered into a Leave and License Agreement with Kwality Catering Services on 06/11/2020 for a period of 5 years, commencing from 01/03/2021. The licensee has defaulted in paying the license fees, leading to the application for eviction.
M/s Aaj Ka Anand Papers Limited (Corporate Debtor) was admitted into CIRP on 31.03.2022 and subsequently ordered to be liquidated on 12.04.2023. Ms. Vineeta Maheshwari is the Resolution Professional. The Corporate Debtor had entered into a Leave and License Agreement with M/s Kwality Catering Services (Licensee) on 06.11.2020, registered before the Sub-Registrar of Haveli-III at Pune. The agreement was for a period of 5 years commencing from 01.03.2021 to 28.02.2026, allowing the licensee to use restaurant and lodging premises. The license fee was Rs. 2,75,000/- per month plus GST, with a 5% escalation after every 12 months from 01.03.2021. The Licensee paid an interest-free Security Deposit of Rs. 30,00,000/-. Clause 21.1 of the agreement stipulates that in case of
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Corporate Debtor entered into a Leave and…
Leave and License…
The case involves an application (IA-1121/2023) filed by the Resolution Professional, Ms. Vineeta Maheshwari, concerning M/s Aaj Ka Anand Papers Limited (Corporate Debtor) in CP (IB) No. 760/2021. The application seeks directions to M/s Kwality Catering Services, the licensee of premises owned by the Corporate Debtor, to pay outstanding rent of Rs. 38,19,200/- and vacate the premises. The Corporate Debtor was admitted into CIRP on 31.3.2022 and subsequently ordered to be liquidated on 12.04.2023. The Corporate Debtor had entered into a Leave and License Agreement with Kwality Catering Services on 06/11/2020 for a period of 5 years, commencing from 01/03/2021. The licensee has defaulted in paying the license fees, leading to the application for eviction.
M/s Aaj Ka Anand Papers Limited (Corporate Debtor) was admitted into CIRP on 31.03.2022 and subsequently ordered to be liquidated on 12.04.2023. Ms. Vineeta Maheshwari is the Resolution Professional. The Corporate Debtor had entered into a Leave and License Agreement with M/s Kwality Catering Services (Licensee) on 06.11.2020, registered before the Sub-Registrar of Haveli-III at Pune. The agreement was for a period of 5 years commencing from 01.03.2021 to 28.02.2026, allowing the licensee to use restaurant and lodging premises. The license fee was Rs. 2,75,000/- per month plus GST, with a 5% escalation after every 12 months from 01.03.2021. The Licensee paid an interest-free Security Deposit of Rs. 30,00,000/-. Clause 21.1 of the agreement stipulates that in case of
…Corporate Debtor entered into a Leave and…
Leave and License…