Dhanashree Electronics Limited, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against DLKH Hospitality Services Private Limited, the corporate debtor, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed a default of Rs. 1,35,36,900/- including interest till 01.10.2022. The claim included license fees, service charges, and reimbursement of electricity charges. The corporate debtor failed to appear despite multiple notices, and no written submissions were filed denying the operational creditor's claims.
Dhanashree Electronics Limited (DEL), the operational creditor, filed a petition against DLKH Hospitality Services Private Limited (DLKH), the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. DEL claimed that DLKH defaulted on payments totaling Rs. 1,35,36,900/-, which included interest calculated up to 01.10.2022. This amount comprised unpaid license fees, service charges, and electricity reimbursement. DEL and DLKH had entered into a 'Leave and License' agreement and a 'Service Agreement' on 06.07.2017, where DEL provided licensed premises and services to DLKH for a monthly fee. DLKH initially paid the bills but stopped payments from January 2020 onwards. DEL issued a demand notice on 07.11.2022, requesting payment within 10 days. DLKH
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Dhanashree Electronics Limited and DLKH…
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Dhanashree Electronics Limited, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against DLKH Hospitality Services Private Limited, the corporate debtor, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed a default of Rs. 1,35,36,900/- including interest till 01.10.2022. The claim included license fees, service charges, and reimbursement of electricity charges. The corporate debtor failed to appear despite multiple notices, and no written submissions were filed denying the operational creditor's claims.
Dhanashree Electronics Limited (DEL), the operational creditor, filed a petition against DLKH Hospitality Services Private Limited (DLKH), the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. DEL claimed that DLKH defaulted on payments totaling Rs. 1,35,36,900/-, which included interest calculated up to 01.10.2022. This amount comprised unpaid license fees, service charges, and electricity reimbursement. DEL and DLKH had entered into a 'Leave and License' agreement and a 'Service Agreement' on 06.07.2017, where DEL provided licensed premises and services to DLKH for a monthly fee. DLKH initially paid the bills but stopped payments from January 2020 onwards. DEL issued a demand notice on 07.11.2022, requesting payment within 10 days. DLKH
…Dhanashree Electronics Limited and DLKH…
DLKH Hospitality Services Private Limited…
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