The case involves an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by Electroparts (India) Private Limited (Financial Creditor) against Videocon Infinity Infrastructure Private Limited (Corporate Debtor) for defaulting on a payment of ₹30,00,00,000/-. The debt originated from a loan initially taken by Quadrant Televentures Limited from Infotel Digicomm Private Limited, which was subsequently assigned to Domebell Electronics India Private Limited and then to Hyundai Electronics India Limited. Finally, Hyundai Electronics India Limited assigned the debt to Electroparts (India) Private Limited through a Novation Agreement.
Quadrant Televentures Limited took a loan of ₹49,94,99,886/- from Infotel Digicomm Private Limited on 2007-05-01 for business expansion. Infotel Digicomm Private Limited assigned this loan to Domebell Electronics India Private Limited on 2009-09-16. Domebell Electronics India Private Limited entered into a Novation Agreement with Hyundai Electronics India Limited in May 2018. Later, Hyundai Electronics India Limited assigned the debt of ₹91,01,99,886/- to Electroparts (India) Private Limited through a Novation Agreement dated 2019-11-01. Mr. Rajkumar Nandlal Dhoot provided a personal guarantee via a Novation Agreement dated 2020-06-01. Electroparts (India) Private Limited and Videocon Infinity Infrastructure Private Limited entered into a Novation Agreement dated
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Quadrant Televentures Limited took a loan of…
Infotel Digicomm Private Limited assigned the…
The case involves an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by Electroparts (India) Private Limited (Financial Creditor) against Videocon Infinity Infrastructure Private Limited (Corporate Debtor) for defaulting on a payment of ₹30,00,00,000/-. The debt originated from a loan initially taken by Quadrant Televentures Limited from Infotel Digicomm Private Limited, which was subsequently assigned to Domebell Electronics India Private Limited and then to Hyundai Electronics India Limited. Finally, Hyundai Electronics India Limited assigned the debt to Electroparts (India) Private Limited through a Novation Agreement.
Quadrant Televentures Limited took a loan of ₹49,94,99,886/- from Infotel Digicomm Private Limited on 2007-05-01 for business expansion. Infotel Digicomm Private Limited assigned this loan to Domebell Electronics India Private Limited on 2009-09-16. Domebell Electronics India Private Limited entered into a Novation Agreement with Hyundai Electronics India Limited in May 2018. Later, Hyundai Electronics India Limited assigned the debt of ₹91,01,99,886/- to Electroparts (India) Private Limited through a Novation Agreement dated 2019-11-01. Mr. Rajkumar Nandlal Dhoot provided a personal guarantee via a Novation Agreement dated 2020-06-01. Electroparts (India) Private Limited and Videocon Infinity Infrastructure Private Limited entered into a Novation Agreement dated
…Quadrant Televentures Limited took a loan of…
Infotel Digicomm Private Limited assigned the…