The case involves a petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by R.K.Purushothaman, a Financial Creditor, against Carbyne Spartek Private Limited, the Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP).
R.K.Purushothaman, the Financial Creditor, filed a petition under Section 7 of the IBC against Carbyne Spartek Private Limited, the Corporate Debtor.
The Corporate Debtor provided a corporate guarantee for a loan of Rs. 2,95,00,000/- given by the Financial Creditor to De Grande Sports Private Limited.
The loan agreement between the Financial Creditor and De Grande Sports Private Limited was dated 09.09.2020, with an interest rate of 8% per annum.
De Grande Sports Private Limited defaulted on the loan, leading the Financial Creditor to invoke the corporate guarantee against Carbyne Spartek Private Limited.
The date of default is mentioned as 25.10.2024.
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Loan Agreement between…
Date of De…
The case involves a petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by R.K.Purushothaman, a Financial Creditor, against Carbyne Spartek Private Limited, the Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP).
R.K.Purushothaman, the Financial Creditor, filed a petition under Section 7 of the IBC against Carbyne Spartek Private Limited, the Corporate Debtor.
The Corporate Debtor provided a corporate guarantee for a loan of Rs. 2,95,00,000/- given by the Financial Creditor to De Grande Sports Private Limited.
The loan agreement between the Financial Creditor and De Grande Sports Private Limited was dated 09.09.2020, with an interest rate of 8% per annum.
De Grande Sports Private Limited defaulted on the loan, leading the Financial Creditor to invoke the corporate guarantee against Carbyne Spartek Private Limited.
The date of default is mentioned as 25.10.2024.
…Loan Agreement between…
Date of De…