This application was filed by In2IT Systems & Services Private Limited (Applicant/Financial Creditor) against In2IT Technologies Private Limited (Respondent/Corporate Debtor) on 13.01.2026 under Section 7 of the Insolvency and Bankruptcy Code, 2016. The alleged financial debt stemmed from a Loan Agreement dated 30.09.2020, with a sanctioned limit of Rs. 15 Crores to meet the Corporate Debtor's liquidity needs. Disbursements were made to the Corporate Debtor or its vendors, carrying 18% interest per annum. The Corporate Debtor acknowledged its liability through various communications and made part-payments but consistently defaulted on repayment obligations despite assurances and an undertaking to repay the entire outstanding liability within two months (dated
…The application, CP(IB) No. 9/CB/2026, was filed on 13.01.2026, under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.
The application was filed by In2IT Systems & Services Private Limited (formerly Alpha Codes IT Solutions Private Limited), identified as the 'Applicant/Financial Creditor', against In2IT Technologies Private Limited, the 'Respondent/Corporate Debtor'.
The application is filed in respect of an alleged financial debt arising out of a Loan Agreement dated 30.09.2020, executed at Noida, for a sanctioned limit of Rs. 15 Crores.
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The Loan Agreement was executed between In2IT…
Corporate Debto…
This application was filed by In2IT Systems & Services Private Limited (Applicant/Financial Creditor) against In2IT Technologies Private Limited (Respondent/Corporate Debtor) on 13.01.2026 under Section 7 of the Insolvency and Bankruptcy Code, 2016. The alleged financial debt stemmed from a Loan Agreement dated 30.09.2020, with a sanctioned limit of Rs. 15 Crores to meet the Corporate Debtor's liquidity needs. Disbursements were made to the Corporate Debtor or its vendors, carrying 18% interest per annum. The Corporate Debtor acknowledged its liability through various communications and made part-payments but consistently defaulted on repayment obligations despite assurances and an undertaking to repay the entire outstanding liability within two months (dated
…The application, CP(IB) No. 9/CB/2026, was filed on 13.01.2026, under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.
The application was filed by In2IT Systems & Services Private Limited (formerly Alpha Codes IT Solutions Private Limited), identified as the 'Applicant/Financial Creditor', against In2IT Technologies Private Limited, the 'Respondent/Corporate Debtor'.
The application is filed in respect of an alleged financial debt arising out of a Loan Agreement dated 30.09.2020, executed at Noida, for a sanctioned limit of Rs. 15 Crores.
…The Loan Agreement was executed between In2IT…
Corporate Debto…