The case involves an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) by Value Partners Greater China High Yield Income Fund and Pinpoint Multi-Strategy Fund, the Financial Creditors, against Rolta India Limited, the Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP). The Financial Creditors claimed a total default of USD 14,60,50,963 equivalent to ₹1060,11,53,004 including interest as of November 13, 2018. Rolta India Limited is the parent company and guarantor to the principal borrowers, Rolta LLC and Rolta Americas LLC. The principal borrowers issued senior notes under indentures in 2013 and 2014, but failed to comply with interest payment obligations, leading the Financial Creditors to
…Value Partners Greater China High Yield Income Fund and Pinpoint Multi-Strategy Fund (the 'Applicants') filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) against Rolta India Limited (the 'Corporate Debtor') to initiate Corporate Insolvency Resolution Process (CIRP). The Applicants claimed a total default of USD 14,60,50,963, equivalent to ₹1060,11,53,004, including interest as of November 13, 2018. Rolta India Limited is the parent company and guarantor to Rolta LLC and Rolta Americas LLC (the 'Principal Borrowers'). The Principal Borrowers issued senior notes under indentures dated May 16, 2013, and July 24, 2014. Rolta LLC issued Senior Notes for USD 200,000,000, bearing interest at 10.75%, in favor of DB Trustees
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Rolta LLC issue…
Rolta Americas LLC…
The case involves an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) by Value Partners Greater China High Yield Income Fund and Pinpoint Multi-Strategy Fund, the Financial Creditors, against Rolta India Limited, the Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP). The Financial Creditors claimed a total default of USD 14,60,50,963 equivalent to ₹1060,11,53,004 including interest as of November 13, 2018. Rolta India Limited is the parent company and guarantor to the principal borrowers, Rolta LLC and Rolta Americas LLC. The principal borrowers issued senior notes under indentures in 2013 and 2014, but failed to comply with interest payment obligations, leading the Financial Creditors to
…Value Partners Greater China High Yield Income Fund and Pinpoint Multi-Strategy Fund (the 'Applicants') filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) against Rolta India Limited (the 'Corporate Debtor') to initiate Corporate Insolvency Resolution Process (CIRP). The Applicants claimed a total default of USD 14,60,50,963, equivalent to ₹1060,11,53,004, including interest as of November 13, 2018. Rolta India Limited is the parent company and guarantor to Rolta LLC and Rolta Americas LLC (the 'Principal Borrowers'). The Principal Borrowers issued senior notes under indentures dated May 16, 2013, and July 24, 2014. Rolta LLC issued Senior Notes for USD 200,000,000, bearing interest at 10.75%, in favor of DB Trustees
…Rolta LLC issue…
Rolta Americas LLC…