Yes Bank Limited initiated a Corporate Insolvency Resolution Process (CIRP) against Ezeego One Travel & Tours Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was filed due to defaults committed by Ezeego One Travel & Tours Limited under four financing agreements. Yes Bank claimed a default amount of INR 1002,60,83,298.33 as of August 28, 2019. Ezeego One Travel & Tours Limited contested the petition, alleging that the financing agreements were not genuine and that the documents were false, forged, and fabricated. They also claimed that signatures on the documents were falsified and that the documents were inadequately stamped.
Yes Bank Limited (Financial Creditor) filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Ezeego One Travel & Tours Limited (Corporate Debtor) seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor is a private company incorporated on 06.01.2006. The Financial Creditor claimed defaults under four financing agreements. The amounts disbursed and the amounts in default, including interest as of August 28, 2019, were detailed in the petition. The total amount in default was INR 1002,60,83,298.33. The Corporate Debtor acknowledged the loan/financing in its audited balance sheet for the financial year ended March 31, 2018. The Financial Creditor provided details of charges created by the
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Ezeego One Travel &…
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Yes Bank Limited initiated a Corporate Insolvency Resolution Process (CIRP) against Ezeego One Travel & Tours Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was filed due to defaults committed by Ezeego One Travel & Tours Limited under four financing agreements. Yes Bank claimed a default amount of INR 1002,60,83,298.33 as of August 28, 2019. Ezeego One Travel & Tours Limited contested the petition, alleging that the financing agreements were not genuine and that the documents were false, forged, and fabricated. They also claimed that signatures on the documents were falsified and that the documents were inadequately stamped.
Yes Bank Limited (Financial Creditor) filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Ezeego One Travel & Tours Limited (Corporate Debtor) seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor is a private company incorporated on 06.01.2006. The Financial Creditor claimed defaults under four financing agreements. The amounts disbursed and the amounts in default, including interest as of August 28, 2019, were detailed in the petition. The total amount in default was INR 1002,60,83,298.33. The Corporate Debtor acknowledged the loan/financing in its audited balance sheet for the financial year ended March 31, 2018. The Financial Creditor provided details of charges created by the
…Ezeego One Travel &…
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