The case pertains to an application filed by Esspee Sarees Pvt. Ltd., the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Skipper Textiles Pvt. Ltd., the Corporate Debtor. The Financial Creditor claimed that the Corporate Debtor defaulted in paying a financial debt of Rs. 1,02,87,671/-. The Corporate Debtor denied the disbursement of the loan, leading the Financial Creditor to produce bank statements as evidence.
Esspee Sarees Pvt. Ltd. (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Skipper Textiles Pvt. Ltd. (Corporate Debtor). The Financial Creditor claimed that the Corporate Debtor defaulted on a financial debt of Rs. 1,02,87,671/-. On 2018-04-03, the Financial Creditor gave a corporate loan of Rs. 1,00,00,000/- to the Corporate Debtor for 180 days at 15% interest per annum. The Corporate Debtor failed to repay the loan and interest. On 2018-10-03, the Financial Creditor issued a notice to the Corporate Debtor to clear the dues, but the Corporate Debtor defaulted. The Corporate Debtor denied receiving the loan. The Financial Creditor presented a bank
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The Financial Creditor gave the Corporate…
The Financial Creditor gave notice to the…
The case pertains to an application filed by Esspee Sarees Pvt. Ltd., the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Skipper Textiles Pvt. Ltd., the Corporate Debtor. The Financial Creditor claimed that the Corporate Debtor defaulted in paying a financial debt of Rs. 1,02,87,671/-. The Corporate Debtor denied the disbursement of the loan, leading the Financial Creditor to produce bank statements as evidence.
Esspee Sarees Pvt. Ltd. (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Skipper Textiles Pvt. Ltd. (Corporate Debtor). The Financial Creditor claimed that the Corporate Debtor defaulted on a financial debt of Rs. 1,02,87,671/-. On 2018-04-03, the Financial Creditor gave a corporate loan of Rs. 1,00,00,000/- to the Corporate Debtor for 180 days at 15% interest per annum. The Corporate Debtor failed to repay the loan and interest. On 2018-10-03, the Financial Creditor issued a notice to the Corporate Debtor to clear the dues, but the Corporate Debtor defaulted. The Corporate Debtor denied receiving the loan. The Financial Creditor presented a bank
…The Financial Creditor gave the Corporate…
The Financial Creditor gave notice to the…