The case involves an application filed by SMRC Logistic & Warehouse Service Provider seeking the release of its share of rent from the Respondent, despite acknowledging the payment of rent by the Proforma Respondent. The applicant claims that the Respondent is acting illegally by misappropriating the valid share of rent to which the applicant is entitled. The applicant's claim arises from a lease agreement involving the Corporate Debtor (Sri Balaji Logistics Products Pvt. Ltd.), the applicant, and the Proforma Respondent (Qwik Supply Chain Pvt. Ltd.).
SMRC Logistic and Warehouse Service Provider, an unregistered partnership firm, filed an application seeking its share of rent. The applicant was authorized to act on behalf of the Corporate Debtor, Sri Balaji Logistics Products Pvt. Ltd., for leasing out its warehouse. A lease agreement was executed between the applicant and the Proforma Respondent, Qwik Supply Chain Pvt. Ltd., effective from April 7, 2018. The Resolution Professional is managing the Corporate Debtor's affairs under CIRP. The applicant entered into a lease deed with the Proforma Respondent on April 3, 2018, for three years at a monthly rent of Rs. 31,73,314.00 excluding GST, which included the shares of the Corporate Debtor and the applicant. The Proforma Respondent requested a No-Objection
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The case involves an application filed by SMRC Logistic & Warehouse Service Provider seeking the release of its share of rent from the Respondent, despite acknowledging the payment of rent by the Proforma Respondent. The applicant claims that the Respondent is acting illegally by misappropriating the valid share of rent to which the applicant is entitled. The applicant's claim arises from a lease agreement involving the Corporate Debtor (Sri Balaji Logistics Products Pvt. Ltd.), the applicant, and the Proforma Respondent (Qwik Supply Chain Pvt. Ltd.).
SMRC Logistic and Warehouse Service Provider, an unregistered partnership firm, filed an application seeking its share of rent. The applicant was authorized to act on behalf of the Corporate Debtor, Sri Balaji Logistics Products Pvt. Ltd., for leasing out its warehouse. A lease agreement was executed between the applicant and the Proforma Respondent, Qwik Supply Chain Pvt. Ltd., effective from April 7, 2018. The Resolution Professional is managing the Corporate Debtor's affairs under CIRP. The applicant entered into a lease deed with the Proforma Respondent on April 3, 2018, for three years at a monthly rent of Rs. 31,73,314.00 excluding GST, which included the shares of the Corporate Debtor and the applicant. The Proforma Respondent requested a No-Objection
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