Invoice Discounters of Adaptio Facility Management Pvt Ltd, through Mr. Arunava Ghosh, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of CIRP against M/s CBRE South Asia Pvt. Ltd. The claim is based on unpaid invoices for services rendered by Adaptio to CBRE.
Invoice Discounters of Adaptio Facility Management Pvt Ltd filed a petition under Section 9 of the IBC against M/s CBRE South Asia Pvt. Ltd.
The claim is for Rs. 1,08,82,770.32 based on unpaid invoices.
Adaptio Facility Management Pvt Ltd rendered services to CBRE.
Invoice discounting was done through the KredX platform operated by Minions Ventures Pvt. Ltd.
CBRE argued that the application was an instance of forum shopping due to a pending proceeding in Chennai.
CBRE claimed a pre-existing dispute existed due to a breach of the Service Agreement by Adaptio.
CBRE contended that the application did not meet the threshold limit under Section 4 of the IBC.
The GST registration of Adaptio was cancelled suo motu with effect from 31.01.2023.
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Order pronoun…
The Corporate Debtor…
Invoice Discounters of Adaptio Facility Management Pvt Ltd, through Mr. Arunava Ghosh, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of CIRP against M/s CBRE South Asia Pvt. Ltd. The claim is based on unpaid invoices for services rendered by Adaptio to CBRE.
Invoice Discounters of Adaptio Facility Management Pvt Ltd filed a petition under Section 9 of the IBC against M/s CBRE South Asia Pvt. Ltd.
The claim is for Rs. 1,08,82,770.32 based on unpaid invoices.
Adaptio Facility Management Pvt Ltd rendered services to CBRE.
Invoice discounting was done through the KredX platform operated by Minions Ventures Pvt. Ltd.
CBRE argued that the application was an instance of forum shopping due to a pending proceeding in Chennai.
CBRE claimed a pre-existing dispute existed due to a breach of the Service Agreement by Adaptio.
CBRE contended that the application did not meet the threshold limit under Section 4 of the IBC.
The GST registration of Adaptio was cancelled suo motu with effect from 31.01.2023.
…Order pronoun…
The Corporate Debtor…