The appeal was filed by a suspended Director of the Corporate Debtor against the order dated 02.03.2023 passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Court V, admitting Section 7 application filed by Piramal Capital & Housing Finance Limited. Dewan Housing Finance Corporation Limited (now Piramal Capital & Housing Finance Limited) sanctioned a loan of Rs.20 Crores to the Corporate Debtor on 22.08.2018. On 30.08.2018, the Corporate Debtor was disbursed an amount of Rs.10 Crore. Piramal Capital filed an application on 28.09.2022 for initiating the Corporate Insolvency Resolution Process against the Corporate Debtor, claiming Rs.16,37,29,496/-. The Adjudicating Authority issued notices on 01.11.2022, fixing the next date on
…Dewan Housing Finance Corporation Limited (DHFL), now Piramal Capital & Housing Finance Limited, sanctioned a loan of Rs. 20 Crores to the Corporate Debtor on 22.08.2018. The Corporate Debtor received Rs. 10 Crores on 30.08.2018. DHFL was taken over by an Administrator, and insolvency proceedings were initiated against DHFL. The Corporate Debtor filed an application seeking disbursement of the remaining Rs. 10 Crores. Piramal Capital filed an application on 28.09.2022 to initiate CIRP against the Corporate Debtor for a default of Rs. 16,37,29,496/-. The Adjudicating Authority issued notices on 01.11.2022, setting the next hearing for 02.12.2022. On 02.12.2022, the Corporate Debtor appeared and requested time to file a Vakalatnama and reply. The Adjudicating
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Dewan Housing Finance Corporation Limited…
The Corporate Debtor…
The appeal was filed by a suspended Director of the Corporate Debtor against the order dated 02.03.2023 passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Court V, admitting Section 7 application filed by Piramal Capital & Housing Finance Limited. Dewan Housing Finance Corporation Limited (now Piramal Capital & Housing Finance Limited) sanctioned a loan of Rs.20 Crores to the Corporate Debtor on 22.08.2018. On 30.08.2018, the Corporate Debtor was disbursed an amount of Rs.10 Crore. Piramal Capital filed an application on 28.09.2022 for initiating the Corporate Insolvency Resolution Process against the Corporate Debtor, claiming Rs.16,37,29,496/-. The Adjudicating Authority issued notices on 01.11.2022, fixing the next date on
…Dewan Housing Finance Corporation Limited (DHFL), now Piramal Capital & Housing Finance Limited, sanctioned a loan of Rs. 20 Crores to the Corporate Debtor on 22.08.2018. The Corporate Debtor received Rs. 10 Crores on 30.08.2018. DHFL was taken over by an Administrator, and insolvency proceedings were initiated against DHFL. The Corporate Debtor filed an application seeking disbursement of the remaining Rs. 10 Crores. Piramal Capital filed an application on 28.09.2022 to initiate CIRP against the Corporate Debtor for a default of Rs. 16,37,29,496/-. The Adjudicating Authority issued notices on 01.11.2022, setting the next hearing for 02.12.2022. On 02.12.2022, the Corporate Debtor appeared and requested time to file a Vakalatnama and reply. The Adjudicating
…Dewan Housing Finance Corporation Limited…
The Corporate Debtor…