SREI Infrastructure Finance Ltd. filed an application under Sections 55-58 of the Insolvency & Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017, against Right Towers Private Limited. The application pertains to a financial debt owed by Right Towers to SREI Infrastructure Finance.
SREI Infrastructure Finance Limited, the Financial Creditor/Applicant, filed an application against Right Towers Private Limited, the Corporate Debtor, under Sections 55-58 of the Insolvency & Bankruptcy Code, 2016. SREI Infrastructure Finance Limited was incorporated on 29th March, 1985. Right Towers Private Limited was incorporated on 18th September, 2007, with a nominal share capital of Rs. 5,00,000/- and a paid-up share capital of Rs. 1,00,000/-. SREI Infrastructure Finance Limited sanctioned a loan of Rs. 110,00,00,000/- to Right Towers Private Limited. A Sanction Letter was issued on 15th December, 2015, and a Loan Agreement was executed on 11th January, 2016. The loan was disbursed to the Corporate Debtor. The Corporate Debtor defaulted in making payments,
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Sanction Letter issued by SREI…
Loan Agreement executed between SREI…
SREI Infrastructure Finance Ltd. filed an application under Sections 55-58 of the Insolvency & Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017, against Right Towers Private Limited. The application pertains to a financial debt owed by Right Towers to SREI Infrastructure Finance.
SREI Infrastructure Finance Limited, the Financial Creditor/Applicant, filed an application against Right Towers Private Limited, the Corporate Debtor, under Sections 55-58 of the Insolvency & Bankruptcy Code, 2016. SREI Infrastructure Finance Limited was incorporated on 29th March, 1985. Right Towers Private Limited was incorporated on 18th September, 2007, with a nominal share capital of Rs. 5,00,000/- and a paid-up share capital of Rs. 1,00,000/-. SREI Infrastructure Finance Limited sanctioned a loan of Rs. 110,00,00,000/- to Right Towers Private Limited. A Sanction Letter was issued on 15th December, 2015, and a Loan Agreement was executed on 11th January, 2016. The loan was disbursed to the Corporate Debtor. The Corporate Debtor defaulted in making payments,
…Sanction Letter issued by SREI…
Loan Agreement executed between SREI…