Catalyst Trusteeship Limited filed a Section 7 IBC application against Blu-Smart Charge Private Limited for default on financial debt of Rs. 142,95,10,923/- arising from issuance of debentures.
Catalyst Trusteeship Limited filed a Company Petition on 04.12.2025 under Section 7 of the IBC against Blu-Smart Charge Private Limited.
The financial debt amounted to Rs. 142,95,10,923/- arising out of the issuance of Senior, Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures.
Blu-Smart Charge Private Limited approved the issuance of up to 1,245 debentures aggregating to Rs.124,50,00,000/- pursuant to resolutions dated 27.11.2023 and 15.01.2024.
The Corporate Debtor failed to service its repayment obligations, including payment of coupon amounts.
The Financial Creditor issued a Notice of Event of Default dated 18.04.2025 demanding immediate payment of Rs.130,11,73,594/-.
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Catalyst Trusteeship…
The Financial Creditor issued a Notice of Event…
Catalyst Trusteeship Limited filed a Section 7 IBC application against Blu-Smart Charge Private Limited for default on financial debt of Rs. 142,95,10,923/- arising from issuance of debentures.
Catalyst Trusteeship Limited filed a Company Petition on 04.12.2025 under Section 7 of the IBC against Blu-Smart Charge Private Limited.
The financial debt amounted to Rs. 142,95,10,923/- arising out of the issuance of Senior, Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures.
Blu-Smart Charge Private Limited approved the issuance of up to 1,245 debentures aggregating to Rs.124,50,00,000/- pursuant to resolutions dated 27.11.2023 and 15.01.2024.
The Corporate Debtor failed to service its repayment obligations, including payment of coupon amounts.
The Financial Creditor issued a Notice of Event of Default dated 18.04.2025 demanding immediate payment of Rs.130,11,73,594/-.
…Catalyst Trusteeship…
The Financial Creditor issued a Notice of Event…