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, for initiating the Corporate Insolvency Resolution Process (CIRP) due to a default in payment of Rs. 15,29,55,385/-.
The Financial Creditor, M/s. Experts Realty Professionals Pvt Ltd., filed an application under Section 7 of the IBC against the Corporate Debtor, M/s. Logix Infrastructure Pvt Ltd.
The application was filed on 06.04.2023 before the Adjudicating Authority.
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 area in the project Logix Blossom County.
The Applicant agreed to invest in the project at Rs. 2,200/- per sq. ft.
Advances amounting to Rs. 15,00,00,000/- were made by the Applicant to the Corporate Debtor from 22.10.2020 to 09.02.2021.
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MoU (Binding Understanding) dated 20th…
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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, for initiating the Corporate Insolvency Resolution Process (CIRP) due to a default in payment of Rs. 15,29,55,385/-.
The Financial Creditor, M/s. Experts Realty Professionals Pvt Ltd., filed an application under Section 7 of the IBC against the Corporate Debtor, M/s. Logix Infrastructure Pvt Ltd.
The application was filed on 06.04.2023 before the Adjudicating Authority.
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 area in the project Logix Blossom County.
The Applicant agreed to invest in the project at Rs. 2,200/- per sq. ft.
Advances amounting to Rs. 15,00,00,000/- were made by the Applicant to the Corporate Debtor from 22.10.2020 to 09.02.2021.
…MoU (Binding Understanding) dated 20th…
Advances were made by…