VA Realcon Private Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Avail Holding Limited, the Corporate Debtor. The claim arose from the sale of 1,16,620 shares of Macor Packaging Limited by the Operational Creditor to the Corporate Debtor for Rs. 1,14,28,500/-. The Operational Creditor claimed that the Corporate Debtor failed to make the payment despite repeated reminders and a demand notice. The Corporate Debtor was proceeded ex-parte due to their non-appearance and failure to file a reply.
VA Realcon Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Avail Holding Limited (Corporate Debtor). The claim is based on the sale of 1,16,620 shares of Macor Packaging Limited by the Operational Creditor to the Corporate Debtor for a consideration of Rs. 1,14,28,500/-. The Operational Creditor claims that the Corporate Debtor failed to make the payment despite repeated reminders and a demand notice issued on 06.11.2020. The date of default is claimed to be 14.10.2019. The Operational Creditor served a reminder letter dated 18.09.2020. The Corporate Debtor was proceeded ex-parte as they did not appear or file a reply. The
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Operational Creditor sold 1,16,620 shares of…
The date on which the…
VA Realcon Private Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Avail Holding Limited, the Corporate Debtor. The claim arose from the sale of 1,16,620 shares of Macor Packaging Limited by the Operational Creditor to the Corporate Debtor for Rs. 1,14,28,500/-. The Operational Creditor claimed that the Corporate Debtor failed to make the payment despite repeated reminders and a demand notice. The Corporate Debtor was proceeded ex-parte due to their non-appearance and failure to file a reply.
VA Realcon Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Avail Holding Limited (Corporate Debtor). The claim is based on the sale of 1,16,620 shares of Macor Packaging Limited by the Operational Creditor to the Corporate Debtor for a consideration of Rs. 1,14,28,500/-. The Operational Creditor claims that the Corporate Debtor failed to make the payment despite repeated reminders and a demand notice issued on 06.11.2020. The date of default is claimed to be 14.10.2019. The Operational Creditor served a reminder letter dated 18.09.2020. The Corporate Debtor was proceeded ex-parte as they did not appear or file a reply. The
…Operational Creditor sold 1,16,620 shares of…
The date on which the…