The application was filed by financial creditors under Section 7 of the IBC, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to default in repayment of financial debt arising from an allegedly illegal investment scheme.
Bhojraj Verma & Ors, acting as financial creditors, filed an application on November 6, 2019, under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Garima Real Estate & Allied Limited, the corporate debtor. The application sought a declaration of moratorium and the appointment of an Interim Resolution Professional.
…Garima Real Estate &…
SEBI prohibited the Corporate Debtor and its…
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The application was filed by financial creditors under Section 7 of the IBC, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to default in repayment of financial debt arising from an allegedly illegal investment scheme.
Bhojraj Verma & Ors, acting as financial creditors, filed an application on November 6, 2019, under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Garima Real Estate & Allied Limited, the corporate debtor. The application sought a declaration of moratorium and the appointment of an Interim Resolution Professional.
…Garima Real Estate &…
SEBI prohibited the Corporate Debtor and its…
Sign in to view related legal provisions.