The case involves a Company Petition (IB) No.579/KB/2017 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by Abhishek Stock Broking Services Pvt. Ltd., Narayan Finvest Pvt. Ltd., Ayush Fiscal Pvt. Ltd., and Multiplus Resources Ltd. (collectively, the Financial Creditors) against Shree Ganesh Jewellery House (I) Ltd. (the Corporate Debtor) for initiation of corporate insolvency resolution process. The Financial Creditors claimed that the Corporate Debtor defaulted on loan repayments. The Corporate Debtor contested the application, denying the debt and the authenticity of the documents.
Abhishek Stock Broking Services Pvt. Ltd., Narayan Finvest Pvt. Ltd., Ayush Fiscal Pvt. Ltd., and Multiplus Resources Ltd. are the financial creditors. Shree Ganesh Jewellery House (I) Ltd. is the corporate debtor. The financial creditors extended financial assistance to the corporate debtor in the form of loans. Abhishek Stock Broking Services Pvt. Ltd. granted a credit facility of Rs. 22,00,000/- to the corporate debtor. Narayan Finvest Pvt. Ltd. advanced a loan of Rs. 85,00,000/- to the corporate debtor. Ayush Fiscal Pvt. Ltd. advanced a loan of Rs. 65,00,000/- to the corporate debtor. Multiplus Resources Ltd. advanced a loan of Rs. 40,00,000/- to the corporate debtor. The corporate debtor defaulted on the repayment of the loans. The total amount of debt claimed to
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Loan of Rs.30,00,000/- disbursed by Narayan…
Loan of Rs.20,00,000/- disbursed by Narayan…
The case involves a Company Petition (IB) No.579/KB/2017 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by Abhishek Stock Broking Services Pvt. Ltd., Narayan Finvest Pvt. Ltd., Ayush Fiscal Pvt. Ltd., and Multiplus Resources Ltd. (collectively, the Financial Creditors) against Shree Ganesh Jewellery House (I) Ltd. (the Corporate Debtor) for initiation of corporate insolvency resolution process. The Financial Creditors claimed that the Corporate Debtor defaulted on loan repayments. The Corporate Debtor contested the application, denying the debt and the authenticity of the documents.
Abhishek Stock Broking Services Pvt. Ltd., Narayan Finvest Pvt. Ltd., Ayush Fiscal Pvt. Ltd., and Multiplus Resources Ltd. are the financial creditors. Shree Ganesh Jewellery House (I) Ltd. is the corporate debtor. The financial creditors extended financial assistance to the corporate debtor in the form of loans. Abhishek Stock Broking Services Pvt. Ltd. granted a credit facility of Rs. 22,00,000/- to the corporate debtor. Narayan Finvest Pvt. Ltd. advanced a loan of Rs. 85,00,000/- to the corporate debtor. Ayush Fiscal Pvt. Ltd. advanced a loan of Rs. 65,00,000/- to the corporate debtor. Multiplus Resources Ltd. advanced a loan of Rs. 40,00,000/- to the corporate debtor. The corporate debtor defaulted on the repayment of the loans. The total amount of debt claimed to
…Loan of Rs.30,00,000/- disbursed by Narayan…
Loan of Rs.20,00,000/- disbursed by Narayan…