Kushal Finnovatio Capital Pvt Ltd (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Kalahridhaan Trendz Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Financial Creditor claimed a total default amount of Rs. 3,26,46,084/- with the date of default being 03.10.2024. The Financial Creditor had provided an "SCF-Single Borrower (Invoice deduction)" facility of Rs. 2 Crores to the Corporate Debtor under a sanction letter/loan agreement dated 14.02.2024. This facility was secured by cash collateral, a demand promissory note, personal guarantees from the Corporate Debtor's directors, and undated cheques. The Corporate Debtor failed to make repayments against
…Kushal Finnovatio Capital Private Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) against Kalahridhaan Trendz Limited.
The total amount in default is Rs. 3,26,46,084/-.
The date of default is 03.10.2024.
Kushal Finnovatio Capital Private Limited is identified as a Financial Creditor/financial institution.
Kalahridhaan Trendz Limited was incorporated on 27.05.2016.
The Financial Creditor granted an "SCF-Single Borrower (Invoice deduction)" facility of Rs. 2 Crores to the Corporate Debtor.
The sanction letter/loan agreement for the facility was dated 14.02.2024.
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Financial Creditor granted an "SCF-Single…
The Corporate Debtor provided 26 invoices from…
Kushal Finnovatio Capital Pvt Ltd (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Kalahridhaan Trendz Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Financial Creditor claimed a total default amount of Rs. 3,26,46,084/- with the date of default being 03.10.2024. The Financial Creditor had provided an "SCF-Single Borrower (Invoice deduction)" facility of Rs. 2 Crores to the Corporate Debtor under a sanction letter/loan agreement dated 14.02.2024. This facility was secured by cash collateral, a demand promissory note, personal guarantees from the Corporate Debtor's directors, and undated cheques. The Corporate Debtor failed to make repayments against
…Kushal Finnovatio Capital Private Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) against Kalahridhaan Trendz Limited.
The total amount in default is Rs. 3,26,46,084/-.
The date of default is 03.10.2024.
Kushal Finnovatio Capital Private Limited is identified as a Financial Creditor/financial institution.
Kalahridhaan Trendz Limited was incorporated on 27.05.2016.
The Financial Creditor granted an "SCF-Single Borrower (Invoice deduction)" facility of Rs. 2 Crores to the Corporate Debtor.
The sanction letter/loan agreement for the facility was dated 14.02.2024.
…Financial Creditor granted an "SCF-Single…
The Corporate Debtor provided 26 invoices from…