Kisetsu Saison Finance (India) Private Limited, a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC) against Radar Ventures Private Limited, the Corporate Debtor and Corporate Guarantor, for initiating Corporate Insolvency Resolution Process (CIRP). The Financial Creditor had extended a working capital demand loan (WCDL) facility, initially INR 25 crores, later amended to INR 35 crores, to a Principal Borrower. Radar Ventures Private Limited provided an unconditional and irrevocable corporate guarantee for this facility. The Principal Borrower defaulted on the repayment of multiple tranches of the loan, leading to a total outstanding debt of INR 32,48,15,509.04 as of July 8, 2025.

Kisetsu Saison Finance (India) Private Limited, a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC) against Radar Ventures Private Limited, the Corporate Debtor and Corporate Guarantor, for initiating Corporate Insolvency Resolution Process (CIRP). The Financial Creditor had extended a working capital demand loan (WCDL) facility, initially INR 25 crores, later amended to INR 35 crores, to a Principal Borrower. Radar Ventures Private Limited provided an unconditional and irrevocable corporate guarantee for this facility. The Principal Borrower defaulted on the repayment of multiple tranches of the loan, leading to a total outstanding debt of INR 32,48,15,509.04 as of July 8, 2025.