This is a Restored Application bearing R.C.P. (IB) No.03/MB/2025, filed on 21.01.2025, connected to C.P. (IB) No.1159/MB/2022 (Original Application). The Original Application was filed by Capacite Infraprojects Limited, the Operational Creditor, on 12.10.2022 under Section 9 of the Insolvency and Bankruptcy Code, 2016 for initiating Corporate Insolvency Resolution Process (CIRP) in respect of Radius Sumer Developers Private Limited, the Corporate Debtor.
The Operational Creditor, Capacite Infraprojects Limited, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against the Corporate Debtor, Radius Sumer Developers Private Limited.
The Operational Creditor claimed a total debt of Rs.10,65,04,291/- inclusive of site establishment expenses, recoverable TDS, and interest at 15% per annum until 10.09.2022.
The Corporate Debtor issued a Letter of Intent in September 2018 for construction works to be executed for a residential project known as 'Harbour Heights'.
The Corporate Debtor acknowledged the debt through a Settlement Agreement dated 10.05.2019, admitting a sum of Rs.7,70,13,647/- owed to the Operational Creditor.
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Corporate Debtor issued a Letter of Intent to…
Parties entered into an Articles of Agreement…
This is a Restored Application bearing R.C.P. (IB) No.03/MB/2025, filed on 21.01.2025, connected to C.P. (IB) No.1159/MB/2022 (Original Application). The Original Application was filed by Capacite Infraprojects Limited, the Operational Creditor, on 12.10.2022 under Section 9 of the Insolvency and Bankruptcy Code, 2016 for initiating Corporate Insolvency Resolution Process (CIRP) in respect of Radius Sumer Developers Private Limited, the Corporate Debtor.
The Operational Creditor, Capacite Infraprojects Limited, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against the Corporate Debtor, Radius Sumer Developers Private Limited.
The Operational Creditor claimed a total debt of Rs.10,65,04,291/- inclusive of site establishment expenses, recoverable TDS, and interest at 15% per annum until 10.09.2022.
The Corporate Debtor issued a Letter of Intent in September 2018 for construction works to be executed for a residential project known as 'Harbour Heights'.
The Corporate Debtor acknowledged the debt through a Settlement Agreement dated 10.05.2019, admitting a sum of Rs.7,70,13,647/- owed to the Operational Creditor.
…Corporate Debtor issued a Letter of Intent to…
Parties entered into an Articles of Agreement…