The case involves an application filed by Kavita Kumar, the Operational Creditor/Petitioner, under Section 9 of the Insolvency and Bankruptcy Code, 2016, against C. S. Hospitality and Management Services, the Corporate Debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor, along with her husband Sarwan Kumar, owns a unit that was leased to the Corporate Debtor from 2007 onwards, with a lease agreement entered in 2009. The Operational Creditor alleges a breach of payment of rent by the Corporate Debtor, while the Corporate Debtor denies the outstanding dues.
Kavita Kumar, along with her husband Sarwan Kumar, owns Unit No. 503 at C.T.S. No. 381/1-8, Swaroop Enclave, Andheri (East), Mumbai. The unit was leased to C. S. Hospitality and Management Services from 2007 onwards, with a lease agreement formalized in 2009 for 114 months. Clause 4 of the agreement stipulated rent payments with a 10% yearly increase and an interest-free deposit of Rs. 1,50,000. The Operational Creditor (Kavita Kumar) alleges that the Corporate Debtor (C. S. Hospitality) defaulted on rent payments after April 2010. The Operational Creditor approached the Corporate Debtor for a certificate confirming the outstanding rent, which the Corporate Debtor issued in July 2011, acknowledging the lessor-lessee relationship since 2007 and the outstanding rent.
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The Operational Creditor granted lease of the…
Lease agreement entered…
The case involves an application filed by Kavita Kumar, the Operational Creditor/Petitioner, under Section 9 of the Insolvency and Bankruptcy Code, 2016, against C. S. Hospitality and Management Services, the Corporate Debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor, along with her husband Sarwan Kumar, owns a unit that was leased to the Corporate Debtor from 2007 onwards, with a lease agreement entered in 2009. The Operational Creditor alleges a breach of payment of rent by the Corporate Debtor, while the Corporate Debtor denies the outstanding dues.
Kavita Kumar, along with her husband Sarwan Kumar, owns Unit No. 503 at C.T.S. No. 381/1-8, Swaroop Enclave, Andheri (East), Mumbai. The unit was leased to C. S. Hospitality and Management Services from 2007 onwards, with a lease agreement formalized in 2009 for 114 months. Clause 4 of the agreement stipulated rent payments with a 10% yearly increase and an interest-free deposit of Rs. 1,50,000. The Operational Creditor (Kavita Kumar) alleges that the Corporate Debtor (C. S. Hospitality) defaulted on rent payments after April 2010. The Operational Creditor approached the Corporate Debtor for a certificate confirming the outstanding rent, which the Corporate Debtor issued in July 2011, acknowledging the lessor-lessee relationship since 2007 and the outstanding rent.
…The Operational Creditor granted lease of the…
Lease agreement entered…