The case involves an application filed by Dhull Trading Private Limited (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dhrovv India Limited (Corporate Debtor).
Dhull Trading Private Limited filed an application under Section 7 of the IBC to initiate CIRP against Dhrovv India Limited.
The application was filed on 09.05.2025.
The Financial Creditor claimed a total financial debt of Rs. 3,26,51,982/- (including principal and interest).
The date of default was 01.10.2023.
A Memorandum of Understanding (MOU) was executed between the Financial Creditor and the Corporate Debtor on 14.01.2023.
The Corporate Debtor admitted the debt and default but sought an extension of time for repayment.
The Adjudicating Authority found that the application was filed within the period of limitation.
The Adjudicating Authority found that there was a debt and default within the meaning of the I&B Code, 2016.
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Financial Creditor vide Board Resolution dated…
Financial Creditor and the Corporate Debtor…
The case involves an application filed by Dhull Trading Private Limited (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dhrovv India Limited (Corporate Debtor).
Dhull Trading Private Limited filed an application under Section 7 of the IBC to initiate CIRP against Dhrovv India Limited.
The application was filed on 09.05.2025.
The Financial Creditor claimed a total financial debt of Rs. 3,26,51,982/- (including principal and interest).
The date of default was 01.10.2023.
A Memorandum of Understanding (MOU) was executed between the Financial Creditor and the Corporate Debtor on 14.01.2023.
The Corporate Debtor admitted the debt and default but sought an extension of time for repayment.
The Adjudicating Authority found that the application was filed within the period of limitation.
The Adjudicating Authority found that there was a debt and default within the meaning of the I&B Code, 2016.
…Financial Creditor vide Board Resolution dated…
Financial Creditor and the Corporate Debtor…