CBRE South Asia Private Limited filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against MKHS Realty LLP, seeking initiation of Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt. The operational debt claimed was Rs. 29,92,800, including principal and interest. The first default occurred in December 2016.
CBRE South Asia Private Limited (Operational Creditor) filed a petition against MKHS Realty LLP (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor provided real estate advisory, facility management, project management, and consultancy services to the Corporate Debtor, who is in the field of construction. The parties had commercial transactions based on work and purchase orders. The Corporate Debtor failed to make payments against invoices raised by the Operational Creditor, resulting in an outstanding principal amount of Rs. 17,40,000/-. Including interest, the total amount in default was Rs. 29,92,800/-. The first default occurred in December 2016. The Operational Creditor sent a statutory notice dated 24 October
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The first default in…
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CBRE South Asia Private Limited filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against MKHS Realty LLP, seeking initiation of Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt. The operational debt claimed was Rs. 29,92,800, including principal and interest. The first default occurred in December 2016.
CBRE South Asia Private Limited (Operational Creditor) filed a petition against MKHS Realty LLP (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor provided real estate advisory, facility management, project management, and consultancy services to the Corporate Debtor, who is in the field of construction. The parties had commercial transactions based on work and purchase orders. The Corporate Debtor failed to make payments against invoices raised by the Operational Creditor, resulting in an outstanding principal amount of Rs. 17,40,000/-. Including interest, the total amount in default was Rs. 29,92,800/-. The first default occurred in December 2016. The Operational Creditor sent a statutory notice dated 24 October
…The first default in…
The Corporate Debtor sent an email…