Alchemist Asset Reconstruction Company Limited, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Monet Exports Private Limited, the Corporate Debtor. The Financial Creditor's claim arises from loan facilities extended to the Corporate Debtor, which subsequently defaulted. The Bank of India assigned its rights, title, interest, and benefit in respect of its claim against the Corporate Debtor to the Financial Creditor. The Corporate Debtor was served by substituted service, and proceeded ex-parte as no one appeared on their behalf.
Alchemist Asset Reconstruction Company Limited, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Monet Exports Private Limited, the Corporate Debtor. The Financial Creditor's claim arises from loan facilities extended to the Corporate Debtor. The Corporate Debtor approached the Bank of India for credit facilities starting in 2001, receiving various credit facilities over the years. In 2014, Bank of India assigned its rights, title, interest, and benefit in respect of its claim against the Corporate Debtor to the Financial Creditor. The Corporate Debtor's account was declared a Non-Performing Asset (NPA) on 31.03.2013. The total amount in default as on
…Sign in to view the parties.
The Corporate Debtor…
Financial Creditor…
Alchemist Asset Reconstruction Company Limited, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Monet Exports Private Limited, the Corporate Debtor. The Financial Creditor's claim arises from loan facilities extended to the Corporate Debtor, which subsequently defaulted. The Bank of India assigned its rights, title, interest, and benefit in respect of its claim against the Corporate Debtor to the Financial Creditor. The Corporate Debtor was served by substituted service, and proceeded ex-parte as no one appeared on their behalf.
Alchemist Asset Reconstruction Company Limited, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Monet Exports Private Limited, the Corporate Debtor. The Financial Creditor's claim arises from loan facilities extended to the Corporate Debtor. The Corporate Debtor approached the Bank of India for credit facilities starting in 2001, receiving various credit facilities over the years. In 2014, Bank of India assigned its rights, title, interest, and benefit in respect of its claim against the Corporate Debtor to the Financial Creditor. The Corporate Debtor's account was declared a Non-Performing Asset (NPA) on 31.03.2013. The total amount in default as on
…The Corporate Debtor…
Financial Creditor…