The case involves an application filed by Femina Shopping Mall Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Golden Shopping Mall & Hotels Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a total debt of Rs. 1,04,62,218/-, including principal and interest. The Corporate Debtor disputed the debt, arguing that the claimed interest component was not agreed upon and that the outstanding principal amount did not meet the threshold for initiating CIRP.
Femina Shopping Mall Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Golden Shopping Mall & Hotels Private Limited (Corporate Debtor). The Operational Creditor claimed a total debt of Rs. 1,04,62,218/-, comprising Rs. 55,07,846/- towards principal and Rs. 49,54,366/- towards interest. The Operational Creditor supplied grocery and other fast-moving items to the Corporate Debtor between April 2016 and August 2018. The date of default was stated as 01.08.2018. Prior to filing the application, the Operational Creditor issued several demand notices to the Corporate Debtor. The Corporate Debtor disputed the debt, contending that the
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Operational Creditor supplied goods to…
The date of default as…
The case involves an application filed by Femina Shopping Mall Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Golden Shopping Mall & Hotels Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a total debt of Rs. 1,04,62,218/-, including principal and interest. The Corporate Debtor disputed the debt, arguing that the claimed interest component was not agreed upon and that the outstanding principal amount did not meet the threshold for initiating CIRP.
Femina Shopping Mall Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Golden Shopping Mall & Hotels Private Limited (Corporate Debtor). The Operational Creditor claimed a total debt of Rs. 1,04,62,218/-, comprising Rs. 55,07,846/- towards principal and Rs. 49,54,366/- towards interest. The Operational Creditor supplied grocery and other fast-moving items to the Corporate Debtor between April 2016 and August 2018. The date of default was stated as 01.08.2018. Prior to filing the application, the Operational Creditor issued several demand notices to the Corporate Debtor. The Corporate Debtor disputed the debt, contending that the
…Operational Creditor supplied goods to…
The date of default as…