Mahi Buildhome Private Limited, the Applicant/Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Unibera Developers Private Limited, the Respondent. The applicant is in the business of construction and real estate development, while the respondent is engaged in the development and construction of real estate projects. The applicant executed work orders for the respondent's residential project between 2015 and 2021, raising invoices for the work done.
Mahi Buildhome Private Limited (Applicant/Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Unibera Developers Private Limited (Respondent/Corporate Debtor). The Applicant provided civil construction work to the Respondent's residential project based on work orders dated 30.04.2015 and 01.10.2021. The Applicant raised invoices for the work, which the Respondent acknowledged but did not pay. The total debt claimed by the Applicant is Rs. 6,13,90,529/-, with the date of default being 03.11.2022. The Respondent initially denied liability but later admitted the debt through its counsel during the hearing. The Respondent had made a last payment on 03.11.2020. The applicant sent a demand notice dated
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One of the work orders issued by the Respondent…
Another work order…
Mahi Buildhome Private Limited, the Applicant/Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Unibera Developers Private Limited, the Respondent. The applicant is in the business of construction and real estate development, while the respondent is engaged in the development and construction of real estate projects. The applicant executed work orders for the respondent's residential project between 2015 and 2021, raising invoices for the work done.
Mahi Buildhome Private Limited (Applicant/Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Unibera Developers Private Limited (Respondent/Corporate Debtor). The Applicant provided civil construction work to the Respondent's residential project based on work orders dated 30.04.2015 and 01.10.2021. The Applicant raised invoices for the work, which the Respondent acknowledged but did not pay. The total debt claimed by the Applicant is Rs. 6,13,90,529/-, with the date of default being 03.11.2022. The Respondent initially denied liability but later admitted the debt through its counsel during the hearing. The Respondent had made a last payment on 03.11.2020. The applicant sent a demand notice dated
…One of the work orders issued by the Respondent…
Another work order…