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 its failure to repay financial debt.
Export-import Bank of India, the financial creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Eastern Silk Industries Limited, the corporate debtor. The application detailed the financial debt and supporting documents. The total amount claimed as of February 10, 2020, was Rs. 690,665,379.47.
…Export-import Bank of India sanctioned an EOU…
Financial Creditor sanctioned…
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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 its failure to repay financial debt.
Export-import Bank of India, the financial creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Eastern Silk Industries Limited, the corporate debtor. The application detailed the financial debt and supporting documents. The total amount claimed as of February 10, 2020, was Rs. 690,665,379.47.
…Export-import Bank of India sanctioned an EOU…
Financial Creditor sanctioned…
Sign in to view related legal provisions.