Yes Bank Limited, the Financial Creditor, filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Ezeego One Travel & Tours Limited, the Corporate Debtor, due to defaults on four financing agreements. The Corporate Debtor is a private company incorporated on 06.01.2006. The Financial Creditor disbursed loans/facilities amounting to INR 1000,00,00,000/- between 2017 and 2018. The Corporate Debtor defaulted on repayments, leading to a total outstanding amount of Rs.1002,60,83,298.33 as of August 28, 2019.
Yes Bank Limited (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Ezeego One Travel & Tours Limited (Corporate Debtor). The Corporate Debtor is a private company incorporated on 06.01.2006. The Financial Creditor disbursed loans/facilities amounting to INR 1000,00,00,000/- between 2017 and 2018 under four financing agreements: Term Loan, Short Term Loan, Factoring Agreement, and Overdraft Facility. The Corporate Debtor defaulted on repayments, leading to a total outstanding amount of Rs.1002,60,83,298.33 as of August 28, 2019. The Financial Creditor presented evidence of loan disbursement, default, and acknowledgment of debt by the Corporate Debtor
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Ezeego One Tr…
First loan disbursed by…
Yes Bank Limited, the Financial Creditor, filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Ezeego One Travel & Tours Limited, the Corporate Debtor, due to defaults on four financing agreements. The Corporate Debtor is a private company incorporated on 06.01.2006. The Financial Creditor disbursed loans/facilities amounting to INR 1000,00,00,000/- between 2017 and 2018. The Corporate Debtor defaulted on repayments, leading to a total outstanding amount of Rs.1002,60,83,298.33 as of August 28, 2019.
Yes Bank Limited (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Ezeego One Travel & Tours Limited (Corporate Debtor). The Corporate Debtor is a private company incorporated on 06.01.2006. The Financial Creditor disbursed loans/facilities amounting to INR 1000,00,00,000/- between 2017 and 2018 under four financing agreements: Term Loan, Short Term Loan, Factoring Agreement, and Overdraft Facility. The Corporate Debtor defaulted on repayments, leading to a total outstanding amount of Rs.1002,60,83,298.33 as of August 28, 2019. The Financial Creditor presented evidence of loan disbursement, default, and acknowledgment of debt by the Corporate Debtor
…Ezeego One Tr…
First loan disbursed by…