The case involves an application filed by Remotebullion and Jewels Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against MHG Land Stocklist Private Limited, the corporate debtor. The applicant claims that the corporate debtor defaulted on a loan agreement, with an outstanding amount of Rs. 2,03,39,000/-. The corporate debtor was proceeded ex-parte due to non-appearance despite service of notice. The applicant proposed Mr. Anil Tayal as the Interim Resolution Professional (IRP).
Remotebullion and Jewels Private Limited (the financial creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against MHG Land Stocklist Private Limited (the corporate debtor). The financial creditor claimed that the corporate debtor defaulted on a loan agreement, with an outstanding amount of Rs. 2,03,39,000/-. The corporate debtor was proceeded ex-parte due to non-appearance despite service of notice. The applicant proposed Mr. Anil Tayal as the Interim Resolution Professional (IRP). The applicant submitted documents including bank statements, TDS deductions, audit reports, financial statements, and demand letters to prove its claim. The corporate debtor's registered
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Mr. Ashok Kumar Gupta, authorized on behalf of…
Corporate debtor was…
The case involves an application filed by Remotebullion and Jewels Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against MHG Land Stocklist Private Limited, the corporate debtor. The applicant claims that the corporate debtor defaulted on a loan agreement, with an outstanding amount of Rs. 2,03,39,000/-. The corporate debtor was proceeded ex-parte due to non-appearance despite service of notice. The applicant proposed Mr. Anil Tayal as the Interim Resolution Professional (IRP).
Remotebullion and Jewels Private Limited (the financial creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against MHG Land Stocklist Private Limited (the corporate debtor). The financial creditor claimed that the corporate debtor defaulted on a loan agreement, with an outstanding amount of Rs. 2,03,39,000/-. The corporate debtor was proceeded ex-parte due to non-appearance despite service of notice. The applicant proposed Mr. Anil Tayal as the Interim Resolution Professional (IRP). The applicant submitted documents including bank statements, TDS deductions, audit reports, financial statements, and demand letters to prove its claim. The corporate debtor's registered
…Mr. Ashok Kumar Gupta, authorized on behalf of…
Corporate debtor was…