The case involves a petition filed by M/s. Caspian Impact Investments Private Limited (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Farmers Pulse Private Limited (Corporate Debtor). The Financial Creditor initially incorporated as Sufala Finance Private Limited on 25.11.1991, later changed to Bellwether Microfinance Fund Private Limited on November 9, 2005, and subsequently to Caspian Impact Investments Private Limited on January 12, 2015. The Corporate Debtor was incorporated on January 10, 2014.
M/s. Caspian Impact Investments Private Limited (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Farmers Pulse Private Limited (Corporate Debtor). The Financial Creditor extended a working capital loan of Rs. 25,000,000 to the Corporate Debtor, as per a Credit Facility Agreement dated June 15, 2015. The Corporate Debtor confirmed compliance with the Facility Agreement and received the loan amount. However, the Corporate Debtor defaulted on the repayment of the principal and interest. The Financial Creditor initiated arbitration, which resulted in an award of Rs. 25,000,000 plus interest and arbitration costs. The Corporate Debtor failed to pay the
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M/s Caspian Impact Investments Private…
The name of the Financial Creditor was changed…
The case involves a petition filed by M/s. Caspian Impact Investments Private Limited (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Farmers Pulse Private Limited (Corporate Debtor). The Financial Creditor initially incorporated as Sufala Finance Private Limited on 25.11.1991, later changed to Bellwether Microfinance Fund Private Limited on November 9, 2005, and subsequently to Caspian Impact Investments Private Limited on January 12, 2015. The Corporate Debtor was incorporated on January 10, 2014.
M/s. Caspian Impact Investments Private Limited (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Farmers Pulse Private Limited (Corporate Debtor). The Financial Creditor extended a working capital loan of Rs. 25,000,000 to the Corporate Debtor, as per a Credit Facility Agreement dated June 15, 2015. The Corporate Debtor confirmed compliance with the Facility Agreement and received the loan amount. However, the Corporate Debtor defaulted on the repayment of the principal and interest. The Financial Creditor initiated arbitration, which resulted in an award of Rs. 25,000,000 plus interest and arbitration costs. The Corporate Debtor failed to pay the
…M/s Caspian Impact Investments Private…
The name of the Financial Creditor was changed…