The Company Petition was filed by Mr. Sougat Samiran Ghosh and Mrs. Tapati Ghosh seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Debtone Corporate Advisory Private Limited, alleging that the Corporate Debtor defaulted in making payment to the Financial Creditors. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for a resolution of financial debt amounting to Rs. 2,66,00,000/-, comprising a principal amount of Rs. 1,44,00,000/- and interest of Rs. 1,22,00,000/-, as per the Memorandum of Understanding executed between the parties.
Mr. Sougat Samiran Ghosh and Mrs. Tapati Ghosh (Petitioners) filed a Company Petition seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Debtone Corporate Advisory Private Limited (Corporate Debtor). The Petitioners claimed that the Corporate Debtor defaulted on a financial debt of Rs. 2,66,00,000/-, which included a principal amount of Rs. 1,44,00,000/- and interest of Rs. 1,22,00,000/-, as per the Memorandum of Understanding (MOU) executed between the parties. The Petitioners had granted loans to the Corporate Debtor on multiple occasions, documented by MOUs dated 01.03.2016, 02.04.2016, 19.06.2016, and 12.08.2016. The Corporate Debtor regularly credited interest to the Petitioners from August 2016 to June 2017. The Petitioners issued a letter
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Petitioners No. 1 and 2 granted loan of Rs.…
Petitioners No. 1 and 2 advanced an aggregate…
The Company Petition was filed by Mr. Sougat Samiran Ghosh and Mrs. Tapati Ghosh seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Debtone Corporate Advisory Private Limited, alleging that the Corporate Debtor defaulted in making payment to the Financial Creditors. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for a resolution of financial debt amounting to Rs. 2,66,00,000/-, comprising a principal amount of Rs. 1,44,00,000/- and interest of Rs. 1,22,00,000/-, as per the Memorandum of Understanding executed between the parties.
Mr. Sougat Samiran Ghosh and Mrs. Tapati Ghosh (Petitioners) filed a Company Petition seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Debtone Corporate Advisory Private Limited (Corporate Debtor). The Petitioners claimed that the Corporate Debtor defaulted on a financial debt of Rs. 2,66,00,000/-, which included a principal amount of Rs. 1,44,00,000/- and interest of Rs. 1,22,00,000/-, as per the Memorandum of Understanding (MOU) executed between the parties. The Petitioners had granted loans to the Corporate Debtor on multiple occasions, documented by MOUs dated 01.03.2016, 02.04.2016, 19.06.2016, and 12.08.2016. The Corporate Debtor regularly credited interest to the Petitioners from August 2016 to June 2017. The Petitioners issued a letter
…Petitioners No. 1 and 2 granted loan of Rs.…
Petitioners No. 1 and 2 advanced an aggregate…