Siemens Financial Services Private Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Sonali Exim Private Limited.
Siemens Financial Services Private Limited granted a term loan facility of Rs. 4,61,91,690/- to Sonali Exim Private Limited.
The Corporate Debtor defaulted in making the payment of monthly installments due on 07.06.2024.
The outstanding amount as of 31.07.2024 was Rs. 5,00,02,974/- along with interest and other charges.
The Applicant nominated MVK IPE LLP as the Interim Resolution Professional (IRP).
The Respondent was served with notices but did not file a reply.
The loan was sanctioned on 01.08.2024, and a default notice was issued by the Applicant.
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Date of the sanction…
Date of the finance…
Siemens Financial Services Private Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Sonali Exim Private Limited.
Siemens Financial Services Private Limited granted a term loan facility of Rs. 4,61,91,690/- to Sonali Exim Private Limited.
The Corporate Debtor defaulted in making the payment of monthly installments due on 07.06.2024.
The outstanding amount as of 31.07.2024 was Rs. 5,00,02,974/- along with interest and other charges.
The Applicant nominated MVK IPE LLP as the Interim Resolution Professional (IRP).
The Respondent was served with notices but did not file a reply.
The loan was sanctioned on 01.08.2024, and a default notice was issued by the Applicant.
Date of the sanction…
Date of the finance…