The case involves an application filed under Section 7 of the I&B Code, 2016, by Mr. Kashyap Deorah, the Financial Creditor/Applicant, against AYG Realty Private Limited, the Corporate Debtor/Respondent, for initiating Corporate Insolvency Resolution Process (CIRP). The application was originally filed on 25.09.2020 and restored on 01.08.2022.
Mr. Kashyap Deorah filed an application under Section 7 of the I&B Code against AYG Realty Private Limited.
The application was originally filed on 25.09.2020 and restored on 01.08.2022.
The Corporate Debtor and Financial Creditor entered into Consent Terms dated 18.11.2021.
The Corporate Debtor defaulted on the Consent Terms.
The Company Petition was initially dismissed on 24.03.2022 but was later revived.
The debt claimed arose from an MOU dated 12.03.2019, where the Corporate Debtor agreed to refund Rs. 4,00,00,000/-.
The last payment received by the Financial Creditor was of Rs.20,00,000 on 29.07.2022.
The Corporate Debtor has paid Rs. 3,95,00,000/- till date but was obligated to pay Rs. 7,11,00,000/- till 15.09.2019.
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Application being C.P.…
Special Power of…
The case involves an application filed under Section 7 of the I&B Code, 2016, by Mr. Kashyap Deorah, the Financial Creditor/Applicant, against AYG Realty Private Limited, the Corporate Debtor/Respondent, for initiating Corporate Insolvency Resolution Process (CIRP). The application was originally filed on 25.09.2020 and restored on 01.08.2022.
Mr. Kashyap Deorah filed an application under Section 7 of the I&B Code against AYG Realty Private Limited.
The application was originally filed on 25.09.2020 and restored on 01.08.2022.
The Corporate Debtor and Financial Creditor entered into Consent Terms dated 18.11.2021.
The Corporate Debtor defaulted on the Consent Terms.
The Company Petition was initially dismissed on 24.03.2022 but was later revived.
The debt claimed arose from an MOU dated 12.03.2019, where the Corporate Debtor agreed to refund Rs. 4,00,00,000/-.
The last payment received by the Financial Creditor was of Rs.20,00,000 on 29.07.2022.
The Corporate Debtor has paid Rs. 3,95,00,000/- till date but was obligated to pay Rs. 7,11,00,000/- till 15.09.2019.
…Application being C.P.…
Special Power of…