The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Colliers International (India) Property Services Private Limited, the Operational Creditor, against Masterly Kolkata Facility Maintenance Private Limited, the Corporate Debtor, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default amount of Rs 1,46,88,796, with the date of default being June 13, 2022. A property service management agreement was executed between the parties on January 30, 2020, for property management services provided by the Operational Creditor from August 30, 2019, to March 31, 2022.
Colliers International (India) Property Services Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Masterly Kolkata Facility Maintenance Private Limited (Corporate Debtor) to initiate CIRP. The initial claim was Rs 1,46,88,796, with the default date being June 13, 2022. A property service management agreement was in place since January 30, 2020. During the pendency of the case, the Corporate Debtor made a payment of Rs 1,39,25,920, which the Operational Creditor acknowledged in a supplementary affidavit dated February 22, 2024. The Corporate Debtor confirmed this payment in its reply affidavit dated April 1, 2024. The remaining outstanding amount was Rs 7,62,866. This amount was below the
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Property service Management agreement executed…
Operational Creditor…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Colliers International (India) Property Services Private Limited, the Operational Creditor, against Masterly Kolkata Facility Maintenance Private Limited, the Corporate Debtor, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default amount of Rs 1,46,88,796, with the date of default being June 13, 2022. A property service management agreement was executed between the parties on January 30, 2020, for property management services provided by the Operational Creditor from August 30, 2019, to March 31, 2022.
Colliers International (India) Property Services Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Masterly Kolkata Facility Maintenance Private Limited (Corporate Debtor) to initiate CIRP. The initial claim was Rs 1,46,88,796, with the default date being June 13, 2022. A property service management agreement was in place since January 30, 2020. During the pendency of the case, the Corporate Debtor made a payment of Rs 1,39,25,920, which the Operational Creditor acknowledged in a supplementary affidavit dated February 22, 2024. The Corporate Debtor confirmed this payment in its reply affidavit dated April 1, 2024. The remaining outstanding amount was Rs 7,62,866. This amount was below the
…Property service Management agreement executed…
Operational Creditor…