Peejay Finance Company Limited filed a petition against V S Matrix Private Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, claiming to be a Financial Creditor (FC). The petition was filed due to the Corporate Debtor's (CD) default on a financial debt. The petitioner, Peejay Finance, sought initiation of the Corporate Insolvency Resolution Process (CIRP) against V S Matrix Private Limited.
Peejay Finance Company Limited (the Petitioner) claimed to be a Financial Creditor of V S Matrix Private Limited (the Corporate Debtor). The Petitioner filed a petition under Section 7 of the IBC, 2016, due to the Corporate Debtor's default on a financial debt. The Petitioner was incorporated on 28.07.1984. 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 outstanding dues of Rs.40,93,862.00 in a letter dated 21.12.2019. The debt arose from four loan agreements dated 19.10.2016, 04.2.2017, 15.2.2017, and 12.7.2017, totaling Rs.1.7 crores, secured by property bearing No.1503, Tower No.4, JP Greens, Greater Noida, UP. The
…Sign in to view the parties.
Peejay Finance Company…
V S Matrix Private…
Peejay Finance Company Limited filed a petition against V S Matrix Private Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, claiming to be a Financial Creditor (FC). The petition was filed due to the Corporate Debtor's (CD) default on a financial debt. The petitioner, Peejay Finance, sought initiation of the Corporate Insolvency Resolution Process (CIRP) against V S Matrix Private Limited.
Peejay Finance Company Limited (the Petitioner) claimed to be a Financial Creditor of V S Matrix Private Limited (the Corporate Debtor). The Petitioner filed a petition under Section 7 of the IBC, 2016, due to the Corporate Debtor's default on a financial debt. The Petitioner was incorporated on 28.07.1984. 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 outstanding dues of Rs.40,93,862.00 in a letter dated 21.12.2019. The debt arose from four loan agreements dated 19.10.2016, 04.2.2017, 15.2.2017, and 12.7.2017, totaling Rs.1.7 crores, secured by property bearing No.1503, Tower No.4, JP Greens, Greater Noida, UP. The
…Peejay Finance Company…
V S Matrix Private…