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 (Operational Creditor) filed an application under Section 9 of the IBC against Brick Eagle Group Private Limited (Corporate Debtor).
The Corporate Debtor defaulted in repaying ₹3,60,88,598 plus interest to the Operational Creditor.
The Corporate Debtor entered into a registered leave and license agreement with the Operational Creditor on 03.08.2017.
The Corporate Debtor vacated the premises on 30.06.2018, which was within the lock-in period as per the agreement.
The Operational Creditor issued a Section 8 notice on 23.10.2018 demanding the Corporate Debtor to pay ₹3,52,27,696.
The Corporate Debtor did not reply to the petition and was set ex-parte on 02.05.2022.
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Corporate Debtor entered into a registered…
The Corporate…
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 (Operational Creditor) filed an application under Section 9 of the IBC against Brick Eagle Group Private Limited (Corporate Debtor).
The Corporate Debtor defaulted in repaying ₹3,60,88,598 plus interest to the Operational Creditor.
The Corporate Debtor entered into a registered leave and license agreement with the Operational Creditor on 03.08.2017.
The Corporate Debtor vacated the premises on 30.06.2018, which was within the lock-in period as per the agreement.
The Operational Creditor issued a Section 8 notice on 23.10.2018 demanding the Corporate Debtor to pay ₹3,52,27,696.
The Corporate Debtor did not reply to the petition and was set ex-parte on 02.05.2022.
…Corporate Debtor entered into a registered…
The Corporate…