Ugro Capital Limited, the financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Samyak Metals Private Limited, the corporate debtor. The financial creditor alleged that the corporate debtor defaulted on a payment of Rs. 2,59,31,269/-. The application was filed in accordance with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.
…Ugro Capital Limited, the financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Samyak Metals Private Limited, the corporate debtor. The application sought to initiate the Corporate Insolvency Resolution Process (CIRP) due to a default in payment amounting to Rs. 2,59,31,269/-. The application was filed in accordance with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.
…Ugro Capital Limited, the applicant, was…
A Master Service Agreement was executed between…
Ugro Capital Limited, the financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Samyak Metals Private Limited, the corporate debtor. The financial creditor alleged that the corporate debtor defaulted on a payment of Rs. 2,59,31,269/-. The application was filed in accordance with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.
…Ugro Capital Limited, the financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Samyak Metals Private Limited, the corporate debtor. The application sought to initiate the Corporate Insolvency Resolution Process (CIRP) due to a default in payment amounting to Rs. 2,59,31,269/-. The application was filed in accordance with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.
…Ugro Capital Limited, the applicant, was…
A Master Service Agreement was executed between…