The case involves an application filed by Gee Vee Human Solutions India Private Limited, the Operational Creditor, against Sri Marg Human Resources Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor defaulted on payments for manpower services provided as per an agreement dated 02.02.2021. The total debt, including principal and interest, amounted to Rs. 1,61,06,360/-. The Corporate Debtor failed to make payments despite repeated reminders and a demand notice issued under Section 8 of the IBC, 2016.
Gee Vee Human Solutions India Private Limited (Operational Creditor) filed an application against Sri Marg Human Resources Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor provides manpower services and entered into an agreement with the Corporate Debtor on 02.02.2021. As per the agreement, the Operational Creditor would supply manpower services, and the Corporate Debtor was required to make payments within 15 days of receiving invoices. The Corporate Debtor placed orders through personal meetings, and the Operational Creditor provided services without any objections or complaints. Several invoices were raised for the
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The case involves an application filed by Gee Vee Human Solutions India Private Limited, the Operational Creditor, against Sri Marg Human Resources Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor defaulted on payments for manpower services provided as per an agreement dated 02.02.2021. The total debt, including principal and interest, amounted to Rs. 1,61,06,360/-. The Corporate Debtor failed to make payments despite repeated reminders and a demand notice issued under Section 8 of the IBC, 2016.
Gee Vee Human Solutions India Private Limited (Operational Creditor) filed an application against Sri Marg Human Resources Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor provides manpower services and entered into an agreement with the Corporate Debtor on 02.02.2021. As per the agreement, the Operational Creditor would supply manpower services, and the Corporate Debtor was required to make payments within 15 days of receiving invoices. The Corporate Debtor placed orders through personal meetings, and the Operational Creditor provided services without any objections or complaints. Several invoices were raised for the
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Invoice No. 0…