The case involves an application filed by ICICI Bank Limited, a financial creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Nakshatra World Limited, the corporate debtor. The application seeks to initiate the Corporate Insolvency Resolution Process (CIRP) against Nakshatra World Limited due to a default in repayment of financial debt. The corporate debtor is engaged in the business of manufacturing, trading, importing, and exporting diamond and gold jewellery. The financial creditor claims a default of ₹134,79,70,413.28 as on 31.08.2018. The corporate debtor, originally named Fantasy Diamonds Cuts Private Limited, underwent several name changes before becoming Nakshatra World Limited. The corporate debtor is a subsidiary of Gitanjali Gems
…ICICI Bank Limited, the financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Nakshatra World Limited, the corporate debtor, seeking to initiate CIRP due to a default in repayment of financial debt. The corporate debtor is engaged in the business of manufacturing, trading, importing, and exporting diamond and gold jewellery. The financial creditor claims a default of ₹134,79,70,413.28 as on 31.08.2018. The corporate debtor, originally named Fantasy Diamonds Cuts Private Limited, underwent several name changes before becoming Nakshatra World Limited. The corporate debtor is a subsidiary of Gitanjali Gems Limited. The financial creditor extended credit facilities to the corporate debtor, including working capital
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Nakshatra World Limited…
Applicant extended a Credit Arrangement Letter,…
The case involves an application filed by ICICI Bank Limited, a financial creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Nakshatra World Limited, the corporate debtor. The application seeks to initiate the Corporate Insolvency Resolution Process (CIRP) against Nakshatra World Limited due to a default in repayment of financial debt. The corporate debtor is engaged in the business of manufacturing, trading, importing, and exporting diamond and gold jewellery. The financial creditor claims a default of ₹134,79,70,413.28 as on 31.08.2018. The corporate debtor, originally named Fantasy Diamonds Cuts Private Limited, underwent several name changes before becoming Nakshatra World Limited. The corporate debtor is a subsidiary of Gitanjali Gems
…ICICI Bank Limited, the financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Nakshatra World Limited, the corporate debtor, seeking to initiate CIRP due to a default in repayment of financial debt. The corporate debtor is engaged in the business of manufacturing, trading, importing, and exporting diamond and gold jewellery. The financial creditor claims a default of ₹134,79,70,413.28 as on 31.08.2018. The corporate debtor, originally named Fantasy Diamonds Cuts Private Limited, underwent several name changes before becoming Nakshatra World Limited. The corporate debtor is a subsidiary of Gitanjali Gems Limited. The financial creditor extended credit facilities to the corporate debtor, including working capital
…Nakshatra World Limited…
Applicant extended a Credit Arrangement Letter,…