High Growth Consultants Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Samarpan Viniyog Private Limited, based on an unpaid operational debt.
High Growth Consultants Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Samarpan Viniyog Private Limited (Corporate Debtor).
The Operational Creditor claimed that the Corporate Debtor owed ₹5,50,000/- plus interest at 18% per annum for a Detailed Project Report (DPR) prepared for the Varanasi Cruise Project.
The Corporate Debtor admitted to issuing a work order for the DPR and that a consolidated price of ₹5,50,000/- was agreed upon.
The Corporate Debtor claimed that the project could not be taken off due to unavoidable circumstances and that it was not in a position to pay the outstanding debts.
…Sign in to view the parties.
Corporate Debtor placed…
Operational Creditor…
High Growth Consultants Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Samarpan Viniyog Private Limited, based on an unpaid operational debt.
High Growth Consultants Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Samarpan Viniyog Private Limited (Corporate Debtor).
The Operational Creditor claimed that the Corporate Debtor owed ₹5,50,000/- plus interest at 18% per annum for a Detailed Project Report (DPR) prepared for the Varanasi Cruise Project.
The Corporate Debtor admitted to issuing a work order for the DPR and that a consolidated price of ₹5,50,000/- was agreed upon.
The Corporate Debtor claimed that the project could not be taken off due to unavoidable circumstances and that it was not in a position to pay the outstanding debts.
…Corporate Debtor placed…
Operational Creditor…