The case involves an application filed by C A Sunny, the Financial Creditor, against Greenocare Engineering Private Limited, the Corporate Debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP).
C A Sunny, the Applicant, is the Financial Creditor.
Greenocare Engineering Private Limited, the Respondent, is the Corporate Debtor.
The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Debtor defaulted on a debt of Rs. 1,14,84,809.00/- as of 31.03.2024.
The Financial Creditor proposed Ms. Jayashree S Iyer as the Interim Resolution Professional (IRP).
The Corporate Debtor executed promissory notes and a loan agreement dated 24.10.2018 for the loans.
The Corporate Debtor acknowledged the debt and confirmed the liability in letters dated 05.04.2020, 07.04.2021, 09.04.2022, 06.04.2023, and 05.04.2024.
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The Corporate Debtor…
The Tribunal admitted the application under…
The case involves an application filed by C A Sunny, the Financial Creditor, against Greenocare Engineering Private Limited, the Corporate Debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP).
C A Sunny, the Applicant, is the Financial Creditor.
Greenocare Engineering Private Limited, the Respondent, is the Corporate Debtor.
The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Debtor defaulted on a debt of Rs. 1,14,84,809.00/- as of 31.03.2024.
The Financial Creditor proposed Ms. Jayashree S Iyer as the Interim Resolution Professional (IRP).
The Corporate Debtor executed promissory notes and a loan agreement dated 24.10.2018 for the loans.
The Corporate Debtor acknowledged the debt and confirmed the liability in letters dated 05.04.2020, 07.04.2021, 09.04.2022, 06.04.2023, and 05.04.2024.
…The Corporate Debtor…
The Tribunal admitted the application under…