SVL Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Abhiyantha Project Engineering Private Limited, the Corporate Debtor, based on a financial debt.
SVL Limited filed a petition as a financial creditor under Section 7 of the IBC against Abhiyantha Project Engineering Private Limited.
The Corporate Debtor approached the petitioner for a loan for business expansion plans.
The Corporate Debtor acknowledged the debt on multiple occasions.
The petitioner issued a demand notice to the Corporate Debtor, but the Corporate Debtor did not pay.
The date of default is 27.01.2025, and the amount in default is Rs. 13,46,55,499/-.
The Corporate Debtor does not dispute the existence of the financial debt and admits to the default.
The petitioner provided documentary evidence to prove the disbursement of the financial debt and default.
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Petitioner issued a demand notice to the…
The Corporate Debtor…
SVL Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Abhiyantha Project Engineering Private Limited, the Corporate Debtor, based on a financial debt.
SVL Limited filed a petition as a financial creditor under Section 7 of the IBC against Abhiyantha Project Engineering Private Limited.
The Corporate Debtor approached the petitioner for a loan for business expansion plans.
The Corporate Debtor acknowledged the debt on multiple occasions.
The petitioner issued a demand notice to the Corporate Debtor, but the Corporate Debtor did not pay.
The date of default is 27.01.2025, and the amount in default is Rs. 13,46,55,499/-.
The Corporate Debtor does not dispute the existence of the financial debt and admits to the default.
The petitioner provided documentary evidence to prove the disbursement of the financial debt and default.
…Petitioner issued a demand notice to the…
The Corporate Debtor…