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 default on a loan sanctioned by SREI Infrastructure Finance Ltd. to Right Towers Private Limited.
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 is a company incorporated on March 29, 1985. Right Towers Private Limited is a company incorporated on September 18, 2007. SREI Infrastructure Finance Limited sanctioned a loan of Rs. 110,00,00,000/- to Right Towers Private Limited. The sanction letter was dated December 15, 2015, and a loan agreement was executed on January 11, 2016. The rate of interest was 12% p.a. The applicant disbursed Rs. 93,37,50,000/- to the Corporate Debtor. Right Towers Private Limited defaulted in making payments, with Rs. 81,03,70,422/-
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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 default on a loan sanctioned by SREI Infrastructure Finance Ltd. to Right Towers Private Limited.
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 is a company incorporated on March 29, 1985. Right Towers Private Limited is a company incorporated on September 18, 2007. SREI Infrastructure Finance Limited sanctioned a loan of Rs. 110,00,00,000/- to Right Towers Private Limited. The sanction letter was dated December 15, 2015, and a loan agreement was executed on January 11, 2016. The rate of interest was 12% p.a. The applicant disbursed Rs. 93,37,50,000/- to the Corporate Debtor. Right Towers Private Limited defaulted in making payments, with Rs. 81,03,70,422/-
…Sanction Letter issued by SREI…
Loan Agreement executed between SREI…