The application was filed under Section 9 of the Insolvency and Bankruptcy Code, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP), granting moratorium and appointment of Interim Resolution Professional. The operational creditor, M/s. Winttus Formwork Pvt Ltd, contended that the corporate debtor, M/s. Maiwir Ecoinfra Pvt Ltd, defaulted in the payment of an alleged debt of Rs. 4,89,541 plus interest of Rs. 74,913. The application was filed on 31.12.2021.
M/s. Winttus Formwork Pvt Ltd, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) against M/s. Maiwir Ecoinfra Pvt Ltd, the corporate debtor, for defaulting on a debt of Rs. 4,89,541 plus interest of Rs. 74,913. The application was filed on 31.12.2021. The Ministry of Corporate Affairs had issued a notification on 24.03.2020, raising the minimum default amount to Rs. 1 crore. The NCLAT had ruled that this threshold applies to applications filed on or after 24.03.2020. The debt claimed in this application was less than Rs. 1 crore.
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Ministry of Corporate Affairs issued…
M/s. Winttus Formwork Pvt Ltd filed an…
The application was filed under Section 9 of the Insolvency and Bankruptcy Code, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP), granting moratorium and appointment of Interim Resolution Professional. The operational creditor, M/s. Winttus Formwork Pvt Ltd, contended that the corporate debtor, M/s. Maiwir Ecoinfra Pvt Ltd, defaulted in the payment of an alleged debt of Rs. 4,89,541 plus interest of Rs. 74,913. The application was filed on 31.12.2021.
M/s. Winttus Formwork Pvt Ltd, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) against M/s. Maiwir Ecoinfra Pvt Ltd, the corporate debtor, for defaulting on a debt of Rs. 4,89,541 plus interest of Rs. 74,913. The application was filed on 31.12.2021. The Ministry of Corporate Affairs had issued a notification on 24.03.2020, raising the minimum default amount to Rs. 1 crore. The NCLAT had ruled that this threshold applies to applications filed on or after 24.03.2020. The debt claimed in this application was less than Rs. 1 crore.
Ministry of Corporate Affairs issued…
M/s. Winttus Formwork Pvt Ltd filed an…