Bank of Maharashtra filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against Vostok Foods Private Limited due to a default amount of INR 3,54,93,671/-. The date of default was 04.12.2021.
Bank of Maharashtra filed an application under Section 7 of the IBC for initiating CIRP against Vostok Foods Private Limited.
The default amount is INR 3,54,93,671/- and the date of default is 04.12.2021.
Vostok Foods Private Limited approached Bank of Maharashtra for a Cash Credit Working Capital of Rs. 25,00,000/- and Term Loan of Rs. 240 Lakhs.
The credit facilities were sanctioned on 14.03.2016.
The term loan of Rs. 240 Lakhs was restructured on 14.01.2019.
The Corporate Debtor acknowledged the debt on 27.01.2022 through a Balance Confirmation Letter.
The Applicant proposed the name of Ankur Bansal as the Interim Resolution Professional.
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The present Application…
The date of default, as…
Bank of Maharashtra filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against Vostok Foods Private Limited due to a default amount of INR 3,54,93,671/-. The date of default was 04.12.2021.
Bank of Maharashtra filed an application under Section 7 of the IBC for initiating CIRP against Vostok Foods Private Limited.
The default amount is INR 3,54,93,671/- and the date of default is 04.12.2021.
Vostok Foods Private Limited approached Bank of Maharashtra for a Cash Credit Working Capital of Rs. 25,00,000/- and Term Loan of Rs. 240 Lakhs.
The credit facilities were sanctioned on 14.03.2016.
The term loan of Rs. 240 Lakhs was restructured on 14.01.2019.
The Corporate Debtor acknowledged the debt on 27.01.2022 through a Balance Confirmation Letter.
The Applicant proposed the name of Ankur Bansal as the Interim Resolution Professional.
…The present Application…
The date of default, as…