The financial creditor filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process against the corporate debtor due to a default in repaying a loan amount.
M/s. Phoenix Tech Tower Private Limited, the financial creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency & Bankruptcy (Application to the Adjudicating Authority) Rules, 2016. The petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. A.P. Gems & Jewellary Park Private Limited, the corporate debtor, alleging a default in loan repayment. The financial creditor claimed a default amount of Rs. 18,06,10,770/- as of December 31, 2018.
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M/s. Phoenix Tech Tower Private Limited gave a…
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The financial creditor filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process against the corporate debtor due to a default in repaying a loan amount.
M/s. Phoenix Tech Tower Private Limited, the financial creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency & Bankruptcy (Application to the Adjudicating Authority) Rules, 2016. The petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. A.P. Gems & Jewellary Park Private Limited, the corporate debtor, alleging a default in loan repayment. The financial creditor claimed a default amount of Rs. 18,06,10,770/- as of December 31, 2018.
M/s. Phoenix Tech Tower Private Limited gave a…
Share transfer agreement executed by…