CBRE South Asia Pvt. Ltd. (applicant) entered into an agreement for Retail Leasing Services with the 2nd respondent, M/s Lotus Shopping Centres Pvt Ltd, on August 1, 2016. Under this agreement, the 2nd respondent was obligated to pay a monthly amount for marketing services. The total amount due to the applicant as of the claim filing date was Rs. 51,32,000, with interest at 18%, for services rendered from February 2017 to December 2017. This forms the basis of the applicant's claim in the liquidation proceedings. On August 30, 2018, the Adjudicating Authority initiated Corporate Insolvency Resolution Process (CIRP) against the 2nd respondent. Following the failure of the resolution process, the Adjudicating Authority initiated liquidation proceedings on June 18, 2019.

CBRE South Asia Pvt. Ltd. (applicant) entered into an agreement for Retail Leasing Services with the 2nd respondent, M/s Lotus Shopping Centres Pvt Ltd, on August 1, 2016. Under this agreement, the 2nd respondent was obligated to pay a monthly amount for marketing services. The total amount due to the applicant as of the claim filing date was Rs. 51,32,000, with interest at 18%, for services rendered from February 2017 to December 2017. This forms the basis of the applicant's claim in the liquidation proceedings. On August 30, 2018, the Adjudicating Authority initiated Corporate Insolvency Resolution Process (CIRP) against the 2nd respondent. Following the failure of the resolution process, the Adjudicating Authority initiated liquidation proceedings on June 18, 2019.