Macro Leafin Private Limited, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Insolvency Resolution Process against Arrow Resources Limited, the Corporate Debtor. The Financial Creditor claimed that the Corporate Debtor had defaulted on a loan agreement. The Financial Creditor proposed the name of Ambarish Chatterjee as the Interim Resolution Professional.
Macro Leafin Private Limited (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against Arrow Resources Limited (Corporate Debtor). The Financial Creditor is a company incorporated under the Companies Act, 1956. The Corporate Debtor is a non-government public company with an authorized share capital of Rs. 25,00,000/- and a paid-up share capital of Rs. 5,00,000/-. The Financial Creditor granted a loan of Rs. 4,50,000/- on 2016-06-10 and Rs. 86,000/- on 2016-06-13 to the Corporate Debtor. A loan agreement was executed on 2016-06-01, with the total loan amount of Rs. 5,36,000/- to be repaid by 2017-03-31. The Corporate Debtor defaulted on 2017-04-01. The Financial Creditor
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Loan Agreeme…
The Financial Creditor…
Macro Leafin Private Limited, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Insolvency Resolution Process against Arrow Resources Limited, the Corporate Debtor. The Financial Creditor claimed that the Corporate Debtor had defaulted on a loan agreement. The Financial Creditor proposed the name of Ambarish Chatterjee as the Interim Resolution Professional.
Macro Leafin Private Limited (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against Arrow Resources Limited (Corporate Debtor). The Financial Creditor is a company incorporated under the Companies Act, 1956. The Corporate Debtor is a non-government public company with an authorized share capital of Rs. 25,00,000/- and a paid-up share capital of Rs. 5,00,000/-. The Financial Creditor granted a loan of Rs. 4,50,000/- on 2016-06-10 and Rs. 86,000/- on 2016-06-13 to the Corporate Debtor. A loan agreement was executed on 2016-06-01, with the total loan amount of Rs. 5,36,000/- to be repaid by 2017-03-31. The Corporate Debtor defaulted on 2017-04-01. The Financial Creditor
…Loan Agreeme…
The Financial Creditor…