N. K. Kurian, the Suspended Director of Mangomeadows Agriculture Pleasure Land Private Limited, filed an appeal against the initiation of CIRP against the company.

Kosamattam Finance Limited sanctioned a loan of Rs. 8 crores to the Corporate Debtor in 2016, with an interest rate of 19% per annum.

The Corporate Debtor defaulted on the loan repayment due to external factors like floods, Nipah Virus outbreaks, and the COVID-19 pandemic.

Kosamattam Finance Limited filed an application under Section 7 of the I&B Code before the Adjudicating Authority for the commencement of CIRP against the Corporate Debtor.

The Appellant filed a writ petition before the High Court of Kerala challenging the constitutionality of Section 7 of the I&B Code, which was rejected.

N. K. Kurian, the Suspended Director of Mangomeadows Agriculture Pleasure Land Private Limited, filed an appeal against the initiation of CIRP against the company.

Kosamattam Finance Limited sanctioned a loan of Rs. 8 crores to the Corporate Debtor in 2016, with an interest rate of 19% per annum.

The Corporate Debtor defaulted on the loan repayment due to external factors like floods, Nipah Virus outbreaks, and the COVID-19 pandemic.

Kosamattam Finance Limited filed an application under Section 7 of the I&B Code before the Adjudicating Authority for the commencement of CIRP against the Corporate Debtor.

The Appellant filed a writ petition before the High Court of Kerala challenging the constitutionality of Section 7 of the I&B Code, which was rejected.