Keeler Industries Limited (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against LDR Developers Private Limited (Corporate Debtor) for a financial debt of Rs. 11,43,68,356/- as on 09.11.2019.
Keeler Industries Limited (formerly known as Wealth Mantra Properties Limited) filed an application under Section 7 of the IBC against LDR Developers Private Limited.
The application was filed on 15.07.2021.
The alleged date of default is 25.11.2019.
The total financial debt claimed is Rs. 11,43,68,356/- as on 09.11.2019.
A Memorandum of Understanding (MOU) dated 31.07.2017 was executed between the Financial Creditor, the Corporate Debtor, and Mr. Nawanshu Goyal.
The Applicant disbursed sums from September 2015 till November 2018 towards the project.
The Applicant issued a recall notice dated 09.11.2019 demanding repayment of the principal sum of Rs. 7,02,06,667/- along with interest @12% per annum amounting to Rs. 3,11,32,322.81/-.
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Application filed by…
Second MOU was executed…
Keeler Industries Limited (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against LDR Developers Private Limited (Corporate Debtor) for a financial debt of Rs. 11,43,68,356/- as on 09.11.2019.
Keeler Industries Limited (formerly known as Wealth Mantra Properties Limited) filed an application under Section 7 of the IBC against LDR Developers Private Limited.
The application was filed on 15.07.2021.
The alleged date of default is 25.11.2019.
The total financial debt claimed is Rs. 11,43,68,356/- as on 09.11.2019.
A Memorandum of Understanding (MOU) dated 31.07.2017 was executed between the Financial Creditor, the Corporate Debtor, and Mr. Nawanshu Goyal.
The Applicant disbursed sums from September 2015 till November 2018 towards the project.
The Applicant issued a recall notice dated 09.11.2019 demanding repayment of the principal sum of Rs. 7,02,06,667/- along with interest @12% per annum amounting to Rs. 3,11,32,322.81/-.
…Application filed by…
Second MOU was executed…