The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Omkara Asset Reconstruction Private Limited (Financial Creditor) to initiate Corporate Insolvency Resolution Process (CIRP) against Kristal Projects (India) Limited (Corporate Debtor) due to a default on a financial debt.
Omkara Asset Reconstruction Private Limited filed a petition under Section 7 of the I&B Code 2016 to initiate CIRP against Kristal Projects (India) Ltd.
The Corporate Debtor defaulted on a total outstanding amount of Rs. 135,59,84,933/-.
The Date of Default is 18.02.2019 as mentioned in memo dated 20.03.2026.
The Petitioner/Financial Creditor was incorporated on 19.03.2014.
DHFL had sanctioned a sum of Rs. 35,00,00,000/- to Kristal Infrastructure Limited (‘Principal Borrower').
A Deed of Corporate Guarantee dated 26.09.2011 was executed by the respondent to secure the said Loan availed by the Principal Borrower from the Financial Creditor.
…Sign in to view the parties.
The Date of De…
The Respondent was set…
The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Omkara Asset Reconstruction Private Limited (Financial Creditor) to initiate Corporate Insolvency Resolution Process (CIRP) against Kristal Projects (India) Limited (Corporate Debtor) due to a default on a financial debt.
Omkara Asset Reconstruction Private Limited filed a petition under Section 7 of the I&B Code 2016 to initiate CIRP against Kristal Projects (India) Ltd.
The Corporate Debtor defaulted on a total outstanding amount of Rs. 135,59,84,933/-.
The Date of Default is 18.02.2019 as mentioned in memo dated 20.03.2026.
The Petitioner/Financial Creditor was incorporated on 19.03.2014.
DHFL had sanctioned a sum of Rs. 35,00,00,000/- to Kristal Infrastructure Limited (‘Principal Borrower').
A Deed of Corporate Guarantee dated 26.09.2011 was executed by the respondent to secure the said Loan availed by the Principal Borrower from the Financial Creditor.
…The Date of De…
The Respondent was set…