The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Indiabulls Properties Private Limited (Operational Creditor) against Brick Eagle Group Private Limited (Corporate Debtor) for default in repaying ₹3,60,88,598 plus interest.
Indiabulls Properties Private Limited filed an application under Section 9 of the IBC against Brick Eagle Group Private Limited.
The application was filed due to a default of ₹3,60,88,598 plus interest.
Brick Eagle Group Private Limited entered into a leave and license agreement with Indiabulls Properties Private Limited on 03.08.2017.
The Corporate Debtor defaulted on paying license fees as per the agreement.
The Operational Creditor issued a Section 8 notice to the Corporate Debtor on 23.10.2018.
The Corporate Debtor did not reply to the Section 8 notice and was set ex-parte.
The Petitioner developed the building as an Information Technology Park (I.T. Park) in accordance with the provisions of IT and ITES Policy 2003.
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Board Resolution dated…
Corporate Debtor entered into a registered…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Indiabulls Properties Private Limited (Operational Creditor) against Brick Eagle Group Private Limited (Corporate Debtor) for default in repaying ₹3,60,88,598 plus interest.
Indiabulls Properties Private Limited filed an application under Section 9 of the IBC against Brick Eagle Group Private Limited.
The application was filed due to a default of ₹3,60,88,598 plus interest.
Brick Eagle Group Private Limited entered into a leave and license agreement with Indiabulls Properties Private Limited on 03.08.2017.
The Corporate Debtor defaulted on paying license fees as per the agreement.
The Operational Creditor issued a Section 8 notice to the Corporate Debtor on 23.10.2018.
The Corporate Debtor did not reply to the Section 8 notice and was set ex-parte.
The Petitioner developed the building as an Information Technology Park (I.T. Park) in accordance with the provisions of IT and ITES Policy 2003.
Board Resolution dated…
Corporate Debtor entered into a registered…