Oarsman Credit Pvt. Ltd. (formerly Battle Vyapaar Pvt. Ltd.) filed C.P. (IB) No.225/BB/2019 under Section 7 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Bhoruka Power Corporation Limited, alleging a default of Rs. 1,90,64,932/-, including a principal amount of Rs. 1,75,00,000/- and interest of Rs. 15,64,932/-. The case was listed for admission on multiple dates but was adjourned due to various reasons, including requests from the parties to complete pleadings and settle the issue.
Oarsman Credit Pvt. Ltd. (formerly Battle Vyapaar Pvt. Ltd.) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Bhoruka Power Corp. Ltd. The application, C.P. (IB) No.225/BB/2019, sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Bhoruka Power Corp. Ltd. due to a default of Rs. 1,90,64,932/-, comprising a principal amount of Rs. 1,75,00,000/- and interest of Rs. 15,64,932/-. The case was listed on multiple dates for admission. The Petitioner's counsel submitted that the matter had been amicably settled between the parties, and sought permission to withdraw the petition. The Respondent's counsel also confirmed the settlement. This amicable settlement is the key fact that led to the withdrawal of the
…Sign in to view the parties.
Final order issued…
Case liste…
Oarsman Credit Pvt. Ltd. (formerly Battle Vyapaar Pvt. Ltd.) filed C.P. (IB) No.225/BB/2019 under Section 7 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Bhoruka Power Corporation Limited, alleging a default of Rs. 1,90,64,932/-, including a principal amount of Rs. 1,75,00,000/- and interest of Rs. 15,64,932/-. The case was listed for admission on multiple dates but was adjourned due to various reasons, including requests from the parties to complete pleadings and settle the issue.
Oarsman Credit Pvt. Ltd. (formerly Battle Vyapaar Pvt. Ltd.) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Bhoruka Power Corp. Ltd. The application, C.P. (IB) No.225/BB/2019, sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Bhoruka Power Corp. Ltd. due to a default of Rs. 1,90,64,932/-, comprising a principal amount of Rs. 1,75,00,000/- and interest of Rs. 15,64,932/-. The case was listed on multiple dates for admission. The Petitioner's counsel submitted that the matter had been amicably settled between the parties, and sought permission to withdraw the petition. The Respondent's counsel also confirmed the settlement. This amicable settlement is the key fact that led to the withdrawal of the
…Final order issued…
Case liste…