Daimler Financial Services Pvt. Ltd., the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Value Infracon India Pvt. Ltd., the Corporate Debtor. The application was filed on 2017-12-29. The Financial Creditor is a Non-Banking Financial Company. The Corporate Debtor was incorporated on 2007-07-06. The Financial Creditor proposed Mr. Sanjay Kumar Singh as the Interim Resolution Professional (IRP). The Financial Creditor presented evidence to prove the default, disclosing a total loan amount of Rs. 54,30,000 granted to the Corporate Debtor via a loan agreement dated 2014-09-08 for the purchase of a Mercedes Benz car. The car was hypothecated to the
…Daimler Financial Services 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 Value Infracon India Pvt. Ltd. (Corporate Debtor). The application was filed on 2017-12-29. The Financial Creditor is a Non-Banking Financial Company incorporated under the Companies Act, 1956. The Corporate Debtor was incorporated on 2007-07-06. The Financial Creditor proposed Mr. Sanjay Kumar Singh as the Interim Resolution Professional (IRP). The total loan granted to the Corporate Debtor was Rs. 54,30,000, evidenced by a loan agreement dated 2014-09-08 for the purchase of a Mercedes Benz car. The car was hypothecated to the Financial Creditor as security for the
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Value Infracon India…
Daimler Financial…
Daimler Financial Services Pvt. Ltd., the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Value Infracon India Pvt. Ltd., the Corporate Debtor. The application was filed on 2017-12-29. The Financial Creditor is a Non-Banking Financial Company. The Corporate Debtor was incorporated on 2007-07-06. The Financial Creditor proposed Mr. Sanjay Kumar Singh as the Interim Resolution Professional (IRP). The Financial Creditor presented evidence to prove the default, disclosing a total loan amount of Rs. 54,30,000 granted to the Corporate Debtor via a loan agreement dated 2014-09-08 for the purchase of a Mercedes Benz car. The car was hypothecated to the
…Daimler Financial Services 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 Value Infracon India Pvt. Ltd. (Corporate Debtor). The application was filed on 2017-12-29. The Financial Creditor is a Non-Banking Financial Company incorporated under the Companies Act, 1956. The Corporate Debtor was incorporated on 2007-07-06. The Financial Creditor proposed Mr. Sanjay Kumar Singh as the Interim Resolution Professional (IRP). The total loan granted to the Corporate Debtor was Rs. 54,30,000, evidenced by a loan agreement dated 2014-09-08 for the purchase of a Mercedes Benz car. The car was hypothecated to the Financial Creditor as security for the
…Value Infracon India…
Daimler Financial…