Dena Bank, as the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Bhagya Diamond Jewellery Pvt. Ltd., the Corporate Debtor, due to unpaid credit facilities. The applicant had sanctioned/granted credit facilities to the Corporate Debtor during the year 2014-2015. The Corporate Debtor failed to repay the debt as per the agreed terms and conditions.
Dena Bank, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Bhagya Diamond Jewellery Pvt. Ltd., the Corporate Debtor. The Corporate Debtor's authorized capital is Rs.67.00 Lakhs, and the issued, subscribed, and paid-up capital is Rs.27.00 lakhs. The Financial Creditor had sanctioned/granted credit facilities to the Corporate Debtor during the year 2014-2015. The Corporate Debtor failed to repay the debt as per the agreed terms and conditions. The total amount of debt granted was Rs.9,00,00,000/- as a working capital limit sanctioned on 29.09.2014, plus a TOD of Rs.90,00,000/- sanctioned on 27.05.2015. The amount claimed to be in default was
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Working Capital Limit…
TOD of Rs.90,0…
Dena Bank, as the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Bhagya Diamond Jewellery Pvt. Ltd., the Corporate Debtor, due to unpaid credit facilities. The applicant had sanctioned/granted credit facilities to the Corporate Debtor during the year 2014-2015. The Corporate Debtor failed to repay the debt as per the agreed terms and conditions.
Dena Bank, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Bhagya Diamond Jewellery Pvt. Ltd., the Corporate Debtor. The Corporate Debtor's authorized capital is Rs.67.00 Lakhs, and the issued, subscribed, and paid-up capital is Rs.27.00 lakhs. The Financial Creditor had sanctioned/granted credit facilities to the Corporate Debtor during the year 2014-2015. The Corporate Debtor failed to repay the debt as per the agreed terms and conditions. The total amount of debt granted was Rs.9,00,00,000/- as a working capital limit sanctioned on 29.09.2014, plus a TOD of Rs.90,00,000/- sanctioned on 27.05.2015. The amount claimed to be in default was
…Working Capital Limit…
TOD of Rs.90,0…