Omkara Assets Reconstruction Private Limited, as the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Sriram Infraprojects & Ventures Private Limited, the Corporate Debtor, to initiate the Corporate Insolvency Resolution Process (CIRP). The petition sought to recover an outstanding debt of Rs. 81,66,47,159/-. The debt originated from a project loan sanctioned by Dewan Housing Finance Corporation Limited (DHFL) to the Corporate Debtor for the 'Sriram Riverwoods' project. This loan was subsequently assigned to Piramal Capital & Housing Finance Limited (PCHFL) and then to Omkara Assets Reconstruction Private Limited. The Corporate Debtor defaulted on its payment obligations, leading to its account being
…A petition was filed on 03.02.25 under Section 7 of the Insolvency and Bankruptcy Code, 2016 by Omkara Assets Reconstruction Private Limited.
The Petitioner/Financial Creditor is Omkara Assets Reconstruction Private Limited.
The Respondent/Corporate Debtor is Sriram Infraprojects & Ventures Private Limited.
The total outstanding debt as on 10.12.2024 is Rs. 81,66,47,159/-, comprising principal (Rs. 17,87,96,933/-), interest (Rs. 31,99,10,653/-), and penal interest (Rs. 31,79,39,573/-).
The date of default is 30.09.2018.
The loan facilities were assigned to Omkara Assets Reconstruction Private Limited by Piramal Capital & Housing Finance Limited ('PCHFL') via a Deed of Assignment dated 10.01.2023.
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Dewan Housing Finance Corporation Limited…
Sriram Infraprojects & Ventures Private Limited…
Omkara Assets Reconstruction Private Limited, as the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Sriram Infraprojects & Ventures Private Limited, the Corporate Debtor, to initiate the Corporate Insolvency Resolution Process (CIRP). The petition sought to recover an outstanding debt of Rs. 81,66,47,159/-. The debt originated from a project loan sanctioned by Dewan Housing Finance Corporation Limited (DHFL) to the Corporate Debtor for the 'Sriram Riverwoods' project. This loan was subsequently assigned to Piramal Capital & Housing Finance Limited (PCHFL) and then to Omkara Assets Reconstruction Private Limited. The Corporate Debtor defaulted on its payment obligations, leading to its account being
…A petition was filed on 03.02.25 under Section 7 of the Insolvency and Bankruptcy Code, 2016 by Omkara Assets Reconstruction Private Limited.
The Petitioner/Financial Creditor is Omkara Assets Reconstruction Private Limited.
The Respondent/Corporate Debtor is Sriram Infraprojects & Ventures Private Limited.
The total outstanding debt as on 10.12.2024 is Rs. 81,66,47,159/-, comprising principal (Rs. 17,87,96,933/-), interest (Rs. 31,99,10,653/-), and penal interest (Rs. 31,79,39,573/-).
The date of default is 30.09.2018.
The loan facilities were assigned to Omkara Assets Reconstruction Private Limited by Piramal Capital & Housing Finance Limited ('PCHFL') via a Deed of Assignment dated 10.01.2023.
…Dewan Housing Finance Corporation Limited…
Sriram Infraprojects & Ventures Private Limited…