ICICI Bank Limited filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Param Renewable Energy Private Limited for initiation of Corporate Insolvency Resolution Process (CIRP) due to default in repayment of financial debt amounting to Rs. 15,24,46,795.47/-.
ICICI Bank Limited sanctioned credit facilities to Param Renewable Energy Private Limited aggregating to Rs. 30,00,00,000/-.
Param Renewable Energy Private Limited defaulted in repayment of the financial debt.
The date of default is recorded as 31.05.2025 as per the Information Utility.
The total outstanding amount as of 02.02.2026 was Rs. 15,24,46,795.47/-.
ICICI Bank Limited filed a petition under Section 7 of the IBC, 2016, for initiation of CIRP.
The Corporate Debtor raised objections regarding the date of default, the validity of the application, and the admissibility of electronic records.
The Adjudicating Authority admitted the petition and initiated CIRP.
Sign in to view the parties.
ICICI Bank Limited…
The date of default is…
ICICI Bank Limited filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Param Renewable Energy Private Limited for initiation of Corporate Insolvency Resolution Process (CIRP) due to default in repayment of financial debt amounting to Rs. 15,24,46,795.47/-.
ICICI Bank Limited sanctioned credit facilities to Param Renewable Energy Private Limited aggregating to Rs. 30,00,00,000/-.
Param Renewable Energy Private Limited defaulted in repayment of the financial debt.
The date of default is recorded as 31.05.2025 as per the Information Utility.
The total outstanding amount as of 02.02.2026 was Rs. 15,24,46,795.47/-.
ICICI Bank Limited filed a petition under Section 7 of the IBC, 2016, for initiation of CIRP.
The Corporate Debtor raised objections regarding the date of default, the validity of the application, and the admissibility of electronic records.
The Adjudicating Authority admitted the petition and initiated CIRP.
ICICI Bank Limited…
The date of default is…