The case involves an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal), Hyderabad Bench, which admitted a joint application filed by ‘Wincere Inc.' and ‘Mr. Himanshu P. Kansara' (Financial Creditors) under Section 7 of the Insolvency and Bankruptcy Code, 2016 against ‘Cybermate Infotek Limited’ (Corporate Debtor). The appellant, P. Chandra Shekhar, Director of the Corporate Debtor, challenged the order. The Financial Creditors' application was based on a Loan Agreement dated 31st August, 2013 and a Settlement Deed dated 7th September, 2016. The Corporate Debtor allegedly availed a loan of Rs. 4.44 Crores from the Financial Creditors between June 2012 and December 2013. A loan agreement was executed between Wincere Solution
…The case involves a dispute over a loan agreement and subsequent settlement deed between Wincere Inc. & Ors. (Financial Creditors) and Cybermate Infotek Limited (Corporate Debtor). The Corporate Debtor availed a loan of Rs. 4.44 Crores from the Financial Creditors between June 2012 and December 2013. A loan agreement was executed between Wincere Solution Pvt. Ltd. (WSPL) and Mr. P.C. Pantulu, on behalf of the Corporate Debtor. A Settlement Deed was executed on September 7, 2016, to discharge the liability of the Corporate Debtor, settling the amount at Rs.7.37 Crores. Mr. P.C. Pantulu, acting as authorised representative of the Corporate Debtor, and Mr. P.C. Shekhar, the director of Cybermate Infotek Limited, acted as Guarantor. The Corporate Debtor issued a letter
…Sign in to view the parties.
Loan of Rs. 4.44 Crores…
Loan Agreement executed between Wincere…
The case involves an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal), Hyderabad Bench, which admitted a joint application filed by ‘Wincere Inc.' and ‘Mr. Himanshu P. Kansara' (Financial Creditors) under Section 7 of the Insolvency and Bankruptcy Code, 2016 against ‘Cybermate Infotek Limited’ (Corporate Debtor). The appellant, P. Chandra Shekhar, Director of the Corporate Debtor, challenged the order. The Financial Creditors' application was based on a Loan Agreement dated 31st August, 2013 and a Settlement Deed dated 7th September, 2016. The Corporate Debtor allegedly availed a loan of Rs. 4.44 Crores from the Financial Creditors between June 2012 and December 2013. A loan agreement was executed between Wincere Solution
…The case involves a dispute over a loan agreement and subsequent settlement deed between Wincere Inc. & Ors. (Financial Creditors) and Cybermate Infotek Limited (Corporate Debtor). The Corporate Debtor availed a loan of Rs. 4.44 Crores from the Financial Creditors between June 2012 and December 2013. A loan agreement was executed between Wincere Solution Pvt. Ltd. (WSPL) and Mr. P.C. Pantulu, on behalf of the Corporate Debtor. A Settlement Deed was executed on September 7, 2016, to discharge the liability of the Corporate Debtor, settling the amount at Rs.7.37 Crores. Mr. P.C. Pantulu, acting as authorised representative of the Corporate Debtor, and Mr. P.C. Shekhar, the director of Cybermate Infotek Limited, acted as Guarantor. The Corporate Debtor issued a letter
…Loan of Rs. 4.44 Crores…
Loan Agreement executed between Wincere…