Peejay Finance Company Limited filed a petition against V S Matrix Private Limited, claiming to be the Financial Creditor (FC). The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Peejay Finance claimed a financial debt of Rs. 40,93,862 along with interest of Rs. 12,64,710. The Corporate Debtor (CD), V S Matrix Private Limited, admitted to the default in a reply dated 02.01.2019, citing financial distress. The Financial Creditor proposed Mr. Vineet Aggarwal as the Insolvency Resolution Professional (IRP).
Peejay Finance Company Limited (the Petitioner) filed a petition against V S Matrix Private Limited (the Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, claiming to be a Financial Creditor. Peejay Finance claimed a financial debt of Rs. 40,93,862 along with interest of Rs. 12,64,710. The Petitioner was incorporated on 28.7.1984 and represented by Mr. Sumit Bansal. V S Matrix Private Limited was incorporated on 14.6.1990 with an authorized share capital of Rs. 4,50,00,000 and a paid-up share capital of Rs. 4,11,84,195. The Corporate Debtor admitted to the default in a reply dated 02.01.2019, citing financial distress. The default was in relation to a loan account with dues of Rs. 40,93,862.00. The Petitioner disbursed Rs. 1.7 crores
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Peejay Finance…
V S Matrix P…
Peejay Finance Company Limited filed a petition against V S Matrix Private Limited, claiming to be the Financial Creditor (FC). The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Peejay Finance claimed a financial debt of Rs. 40,93,862 along with interest of Rs. 12,64,710. The Corporate Debtor (CD), V S Matrix Private Limited, admitted to the default in a reply dated 02.01.2019, citing financial distress. The Financial Creditor proposed Mr. Vineet Aggarwal as the Insolvency Resolution Professional (IRP).
Peejay Finance Company Limited (the Petitioner) filed a petition against V S Matrix Private Limited (the Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, claiming to be a Financial Creditor. Peejay Finance claimed a financial debt of Rs. 40,93,862 along with interest of Rs. 12,64,710. The Petitioner was incorporated on 28.7.1984 and represented by Mr. Sumit Bansal. V S Matrix Private Limited was incorporated on 14.6.1990 with an authorized share capital of Rs. 4,50,00,000 and a paid-up share capital of Rs. 4,11,84,195. The Corporate Debtor admitted to the default in a reply dated 02.01.2019, citing financial distress. The default was in relation to a loan account with dues of Rs. 40,93,862.00. The Petitioner disbursed Rs. 1.7 crores
…Peejay Finance…
V S Matrix P…