The application was filed under Section 9 of the IBC, 2016, by the operational creditor seeking to initiate the Corporate Insolvency Resolution Process against the corporate debtor due to admitted debt and default in payment.
BHS-Sonthofen(India)Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Akona Engineering Pvt. Ltd. (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The application was based on an admitted operational debt amounting to Rs. 1,22,17,790/- as of May 3, 2021, including interest at 18% p.a. The first default occurred on February 7, 2020, and was continuing.
…Corporate debtor placed…
Corporate debtor placed…
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The application was filed under Section 9 of the IBC, 2016, by the operational creditor seeking to initiate the Corporate Insolvency Resolution Process against the corporate debtor due to admitted debt and default in payment.
BHS-Sonthofen(India)Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Akona Engineering Pvt. Ltd. (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The application was based on an admitted operational debt amounting to Rs. 1,22,17,790/- as of May 3, 2021, including interest at 18% p.a. The first default occurred on February 7, 2020, and was continuing.
…Corporate debtor placed…
Corporate debtor placed…
Sign in to view related legal provisions.