The Operational Creditor, M/s. Khanuja Enterprises, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. VLCC Heath Care Limited. The Operational Creditor aimed to declare a moratorium and appoint an Interim Resolution Professional (IRP). The application was filed due to alleged unpaid dues for rental services provided by the Operational Creditor to the Corporate Debtor under a 'Lease Agreement' and 'Infrastructure and Facility Agreement'. The Corporate Debtor is registered with ROC, NCT of Delhi & Haryana.
M/s. Khanuja Enterprises, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. VLCC Heath Care Limited, the corporate debtor. The operational creditor claimed that the corporate debtor owed them money for rental services provided under a 'Lease Agreement' and 'Infrastructure and Facility Agreement'. The operational creditor raised invoices amounting to Rs. 2,14,16,567/-, of which the corporate debtor made a part payment of Rs. 47,46,402/-, leaving an outstanding principal amount of Rs. 1,66,70,165/-. The operational creditor issued a demand notice dated 29.08.2022 for Rs. 2,15,49,705/-. The corporate debtor contended that there were pre-existing
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The Operational Creditor, M/s. Khanuja Enterprises, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. VLCC Heath Care Limited. The Operational Creditor aimed to declare a moratorium and appoint an Interim Resolution Professional (IRP). The application was filed due to alleged unpaid dues for rental services provided by the Operational Creditor to the Corporate Debtor under a 'Lease Agreement' and 'Infrastructure and Facility Agreement'. The Corporate Debtor is registered with ROC, NCT of Delhi & Haryana.
M/s. Khanuja Enterprises, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. VLCC Heath Care Limited, the corporate debtor. The operational creditor claimed that the corporate debtor owed them money for rental services provided under a 'Lease Agreement' and 'Infrastructure and Facility Agreement'. The operational creditor raised invoices amounting to Rs. 2,14,16,567/-, of which the corporate debtor made a part payment of Rs. 47,46,402/-, leaving an outstanding principal amount of Rs. 1,66,70,165/-. The operational creditor issued a demand notice dated 29.08.2022 for Rs. 2,15,49,705/-. The corporate debtor contended that there were pre-existing
…Date of the 'Infrastructure and Facility…
The Corporate Debtor sent an email…