M/s. Experts Realty Professionals Pvt Ltd, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s. Logix Infrastructure Pvt Ltd, the Corporate Debtor, due to a default in payment of Rs. 15,29,55,385/- as of 15.01.2022.
M/s. Experts Realty Professionals Pvt Ltd. filed an application under Section 7 of the IBC against M/s. Logix Infrastructure Pvt Ltd.
The application was filed on 06.04.2023.
The Corporate Debtor defaulted on a payment of Rs. 15,29,55,385/- as of 15.01.2022.
The Financial Creditor and Corporate Debtor entered into a business transaction regarding the purchase of 1,37,918 sq. ft. of area in the project namely Logix Blossom County.
The Applicant agreed to invest in the said project at Rs. 2,200/- per sq. ft.
Advances were made by the Applicant from 22.10.2020 to 09.02.2021 to the Corporate Debtor amounting to a total advance of Rs. 15,00,00,000/-.
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Binding Agreement (MoU)…
Advances were made by…
M/s. Experts Realty Professionals Pvt Ltd, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s. Logix Infrastructure Pvt Ltd, the Corporate Debtor, due to a default in payment of Rs. 15,29,55,385/- as of 15.01.2022.
M/s. Experts Realty Professionals Pvt Ltd. filed an application under Section 7 of the IBC against M/s. Logix Infrastructure Pvt Ltd.
The application was filed on 06.04.2023.
The Corporate Debtor defaulted on a payment of Rs. 15,29,55,385/- as of 15.01.2022.
The Financial Creditor and Corporate Debtor entered into a business transaction regarding the purchase of 1,37,918 sq. ft. of area in the project namely Logix Blossom County.
The Applicant agreed to invest in the said project at Rs. 2,200/- per sq. ft.
Advances were made by the Applicant from 22.10.2020 to 09.02.2021 to the Corporate Debtor amounting to a total advance of Rs. 15,00,00,000/-.
…Binding Agreement (MoU)…
Advances were made by…