The case involves an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by Reliance Commercial Finance Limited (Financial Creditor) against Vista Mining Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Financial Creditor alleges that the Corporate Debtor defaulted in repaying a loan, with the outstanding amount, including interest, totaling Rs. 3,49,50,697, based on twelve loan agreements between Reliance Capital Limited and the Corporate Debtor. The debt due from Reliance Capital Limited was transferred to the present Financial Creditor after approval by the Bombay High Court.
Reliance Commercial Finance Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Vista Mining Private Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Financial Creditor claimed that the Corporate Debtor defaulted on loan repayments, with an outstanding amount of Rs. 3,49,50,697, including interest, based on twelve loan agreements. The debt was originally due to Reliance Capital Limited but was transferred to Reliance Commercial Finance Limited after approval by the Bombay High Court. The Financial Creditor sent a recall notice on 16.04.2018, to which the Corporate Debtor replied on 23.04.2018, acknowledging the debt. A settlement agreement was executed on 29.08.2018, but the Corporate
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The date of the first loan agreement between…
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The case involves an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by Reliance Commercial Finance Limited (Financial Creditor) against Vista Mining Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Financial Creditor alleges that the Corporate Debtor defaulted in repaying a loan, with the outstanding amount, including interest, totaling Rs. 3,49,50,697, based on twelve loan agreements between Reliance Capital Limited and the Corporate Debtor. The debt due from Reliance Capital Limited was transferred to the present Financial Creditor after approval by the Bombay High Court.
Reliance Commercial Finance Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Vista Mining Private Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Financial Creditor claimed that the Corporate Debtor defaulted on loan repayments, with an outstanding amount of Rs. 3,49,50,697, including interest, based on twelve loan agreements. The debt was originally due to Reliance Capital Limited but was transferred to Reliance Commercial Finance Limited after approval by the Bombay High Court. The Financial Creditor sent a recall notice on 16.04.2018, to which the Corporate Debtor replied on 23.04.2018, acknowledging the debt. A settlement agreement was executed on 29.08.2018, but the Corporate
…The date of the first loan agreement between…
The date of the last loan agreement between…