Himalaya Food International Limited (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against A.P.J. Laboratories Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The default amount claimed is INR 14,41,09,996/- as of 31.03.2023, with the date of default being 10.10.2015. The debt originated from credit facilities availed by the Corporate Debtor since 2012, which were subsequently converted into a secured loan via a mortgage deed dated 28.08.2015. The Corporate Debtor failed to make repayments as per the agreement.
The present application was filed on 26.11.2024 by Himalaya Food International Limited (Applicant/Financial Creditor) through its authorized representative Sh. Basant Kumar Sharma.
The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process (CIRP) against A.P.J. Laboratories Limited (Respondent/Corporate Debtor).
The default amount is INR 14,41,09,996/- as on 31.03.2023, including interest.
The date of default, as mentioned in Part IV of the Application, is 10.10.2015.
A.P.J. Laboratories Limited (Corporate Debtor) is a public company limited by shares incorporated on 30.01.1992, engaged in real estate activities.
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A.P.J. Laboratories Limited (Corporate…
A.P.J. Laboratories Limited (Corporate Debtor)…
Himalaya Food International Limited (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against A.P.J. Laboratories Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The default amount claimed is INR 14,41,09,996/- as of 31.03.2023, with the date of default being 10.10.2015. The debt originated from credit facilities availed by the Corporate Debtor since 2012, which were subsequently converted into a secured loan via a mortgage deed dated 28.08.2015. The Corporate Debtor failed to make repayments as per the agreement.
The present application was filed on 26.11.2024 by Himalaya Food International Limited (Applicant/Financial Creditor) through its authorized representative Sh. Basant Kumar Sharma.
The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process (CIRP) against A.P.J. Laboratories Limited (Respondent/Corporate Debtor).
The default amount is INR 14,41,09,996/- as on 31.03.2023, including interest.
The date of default, as mentioned in Part IV of the Application, is 10.10.2015.
A.P.J. Laboratories Limited (Corporate Debtor) is a public company limited by shares incorporated on 30.01.1992, engaged in real estate activities.
…A.P.J. Laboratories Limited (Corporate…
A.P.J. Laboratories Limited (Corporate Debtor)…