An application was filed on 09.02.2024 under Section 7 of the Insolvency and Bankruptcy Code, 2016, by 34 individuals (Applicants/Financial Creditors) seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Koras Pin Savings Financial Services Nidhi Limited (Corporate Debtor). The total debt in default is Rs. 1,04,17,337/-, with default dates ranging from 14.11.2021 to 20.12.2023. The Corporate Debtor was incorporated on 11.01.2017. The Financial Creditors had invested various amounts with the Corporate Debtor between 14.11.2020 and 20.12.2022, for which Deposit Confirmation Certificates were issued. Upon maturity, the Corporate Debtor failed to repay the amounts, leading the Financial Creditors to issue demand notices between 06.12.2023 and
…An application was filed on 09.02.2024 under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The application was jointly filed by 34 individuals (Applicants/Financial Creditors).
The application seeks to initiate Corporate Insolvency Resolution Process (CIRP) against Koras Pin Savings Financial Services Nidhi Limited (Corporate Debtor).
The total amount of debt in default is Rs. 1,04,17,337/-.
The dates of default range from 14.11.2021 to 20.12.2023.
The Corporate Debtor was incorporated on 11.01.2017.
The registered office of the Corporate Debtor is at Bareilly, Uttar Pradesh.
Applicants initially proposed Mr. Kanahiya Lal Goyal as Interim Resolution Professional (IRP), but he did not hold a valid Authorisation for Assignment (AFA).
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Financial Creditors individually invested…
The dates of default, corresponding to the…
An application was filed on 09.02.2024 under Section 7 of the Insolvency and Bankruptcy Code, 2016, by 34 individuals (Applicants/Financial Creditors) seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Koras Pin Savings Financial Services Nidhi Limited (Corporate Debtor). The total debt in default is Rs. 1,04,17,337/-, with default dates ranging from 14.11.2021 to 20.12.2023. The Corporate Debtor was incorporated on 11.01.2017. The Financial Creditors had invested various amounts with the Corporate Debtor between 14.11.2020 and 20.12.2022, for which Deposit Confirmation Certificates were issued. Upon maturity, the Corporate Debtor failed to repay the amounts, leading the Financial Creditors to issue demand notices between 06.12.2023 and
…An application was filed on 09.02.2024 under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The application was jointly filed by 34 individuals (Applicants/Financial Creditors).
The application seeks to initiate Corporate Insolvency Resolution Process (CIRP) against Koras Pin Savings Financial Services Nidhi Limited (Corporate Debtor).
The total amount of debt in default is Rs. 1,04,17,337/-.
The dates of default range from 14.11.2021 to 20.12.2023.
The Corporate Debtor was incorporated on 11.01.2017.
The registered office of the Corporate Debtor is at Bareilly, Uttar Pradesh.
Applicants initially proposed Mr. Kanahiya Lal Goyal as Interim Resolution Professional (IRP), but he did not hold a valid Authorisation for Assignment (AFA).
…Financial Creditors individually invested…
The dates of default, corresponding to the…