This is an application filed by Srei Equipment Finance Limited, a Non-Banking Financial Company, under Section 7 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) against Shree Ram Urban Infrastructure Limited, Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP). The claim amounts to ₹327,03,27,748/- as of 07.01.2019, including interest on the principal sum of ₹182,87,36,261/-. The applicant extended financial assistance to the Corporate Debtor under three agreements.
Srei Equipment Finance Limited, a Non-Banking Financial Company, filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Shree Ram Urban Infrastructure Limited, claiming a total amount of ₹327,03,27,748/- as of 07.01.2019, which includes interest on a principal sum of ₹182,87,36,261/-. The financial assistance was extended under three agreements: Agreement No.99684 dated 22.12.2015, Agreement No. 106008 dated 12.04.2016, and Agreement No.14673 dated 24.11.2017, with an interest rate of 17.75% per annum. The last payment received from the Corporate Debtor was ₹143,90,732/- on 24.11.2017. The Corporate Debtor defaulted in repayment, as reported to TransUnion CIBIL, which
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Agreement No.9…
Agreement No.…
This is an application filed by Srei Equipment Finance Limited, a Non-Banking Financial Company, under Section 7 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) against Shree Ram Urban Infrastructure Limited, Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP). The claim amounts to ₹327,03,27,748/- as of 07.01.2019, including interest on the principal sum of ₹182,87,36,261/-. The applicant extended financial assistance to the Corporate Debtor under three agreements.
Srei Equipment Finance Limited, a Non-Banking Financial Company, filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Shree Ram Urban Infrastructure Limited, claiming a total amount of ₹327,03,27,748/- as of 07.01.2019, which includes interest on a principal sum of ₹182,87,36,261/-. The financial assistance was extended under three agreements: Agreement No.99684 dated 22.12.2015, Agreement No. 106008 dated 12.04.2016, and Agreement No.14673 dated 24.11.2017, with an interest rate of 17.75% per annum. The last payment received from the Corporate Debtor was ₹143,90,732/- on 24.11.2017. The Corporate Debtor defaulted in repayment, as reported to TransUnion CIBIL, which
…Agreement No.9…
Agreement No.…