The case involves an application filed by Femina Shopping Mall Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Golden Shopping Mall & Hotels Private Limited (Corporate Debtor). The Operational Creditor claims a total debt of Rs. 1,04,62,218/-, including principal and interest. The Corporate Debtor disputes the debt, particularly the interest component, and claims there is no agreement for interest. The application was filed on 17.06.2022.
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 multiple demand notices, including notices dated 18.03.2019, 30.03.2019, 27.02.2020, and finally, a demand
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Operational Creditor…
Operational Creditor…
The case involves an application filed by Femina Shopping Mall Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Golden Shopping Mall & Hotels Private Limited (Corporate Debtor). The Operational Creditor claims a total debt of Rs. 1,04,62,218/-, including principal and interest. The Corporate Debtor disputes the debt, particularly the interest component, and claims there is no agreement for interest. The application was filed on 17.06.2022.
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 multiple demand notices, including notices dated 18.03.2019, 30.03.2019, 27.02.2020, and finally, a demand
…Operational Creditor…
Operational Creditor…