The appeal arises from an order dated 24.04.2025 passed by the Adjudicating Authority (NCLT, Mumbai Bench-II) in C.P. (IB) No. 646(MB)/2024, which admitted a Section 7 application filed by Catalyst Trusteeship Ltd-Financial Creditor against Bombay Rayon Clothing Ltd.
A Debenture Trustee Agreement (DTA) was executed on 12.10.2017 between Reynold Shirting Limited and Catalyst Trusteeship Ltd.
A Debenture Trust Deed (DTD) was signed on 14.10.2017 between the Principal Borrower and the Debenture Trustee-Financial Creditor.
Bombay Rayon Clothing Ltd. executed a Guarantee Agreement in favor of the Financial Creditor on 14.10.2017.
The Principal Borrower defaulted, and the Respondent No.1 classified the NCDs as NPA on 16.06.2020.
Respondent No.1 filed a Section 7 application on 15.03.2022 seeking initiation of CIRP of the Principal Borrower.
An Assignment Agreement dated 23.12.2022 was executed between CFM ARC and Edelweiss Asset Reconstruction Company Limited.
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A Debenture Trustee Agreement (DTA) was…
A Debenture Trust Deed (DTD) was signed between…
The appeal arises from an order dated 24.04.2025 passed by the Adjudicating Authority (NCLT, Mumbai Bench-II) in C.P. (IB) No. 646(MB)/2024, which admitted a Section 7 application filed by Catalyst Trusteeship Ltd-Financial Creditor against Bombay Rayon Clothing Ltd.
A Debenture Trustee Agreement (DTA) was executed on 12.10.2017 between Reynold Shirting Limited and Catalyst Trusteeship Ltd.
A Debenture Trust Deed (DTD) was signed on 14.10.2017 between the Principal Borrower and the Debenture Trustee-Financial Creditor.
Bombay Rayon Clothing Ltd. executed a Guarantee Agreement in favor of the Financial Creditor on 14.10.2017.
The Principal Borrower defaulted, and the Respondent No.1 classified the NCDs as NPA on 16.06.2020.
Respondent No.1 filed a Section 7 application on 15.03.2022 seeking initiation of CIRP of the Principal Borrower.
An Assignment Agreement dated 23.12.2022 was executed between CFM ARC and Edelweiss Asset Reconstruction Company Limited.
…A Debenture Trustee Agreement (DTA) was…
A Debenture Trust Deed (DTD) was signed between…