The financial creditor filed a petition under Section 7 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process against the corporate debtor due to default in repayment of financial debt. The corporate debtor, in turn, filed an application seeking approval of a repayment plan to settle the debts.
Unity Small Finance Bank Limited, the financial creditor, filed a petition, CP(IB)/157(CHE)/2024, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), to initiate the Corporate Insolvency Resolution Process (CIRP) against Lakhari Resources Private Limited, the corporate debtor. The financial creditor's registered office is in Mumbai, and the corporate debtor's registered office is in Chennai. The corporate debtor was incorporated on October 1, 2018, with an authorized capital of Rs. 4.50 crores and a paid-up share capital of Rs. 1.90 crores.
The Corporate Debtor…
The Corporate Debtor availed sales bills…
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The financial creditor filed a petition under Section 7 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process against the corporate debtor due to default in repayment of financial debt. The corporate debtor, in turn, filed an application seeking approval of a repayment plan to settle the debts.
Unity Small Finance Bank Limited, the financial creditor, filed a petition, CP(IB)/157(CHE)/2024, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), to initiate the Corporate Insolvency Resolution Process (CIRP) against Lakhari Resources Private Limited, the corporate debtor. The financial creditor's registered office is in Mumbai, and the corporate debtor's registered office is in Chennai. The corporate debtor was incorporated on October 1, 2018, with an authorized capital of Rs. 4.50 crores and a paid-up share capital of Rs. 1.90 crores.
The Corporate Debtor…
The Corporate Debtor availed sales bills…
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