The case involves an application filed by Union Bank of India, Hosur Branch, under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Devas Engineering Systems Pvt. Ltd. The financial creditor claims a debt of Rs. 29,39,87,476.00 as of 04.12.2015, with further interest and other charges. The corporate debtor's account was classified as NPA on 04.12.2015. The financial creditor restructured and modified the facilities at the request of the corporate debtor. The application seeks to declare a moratorium and appoint an Interim Resolution Professional (IRP).
Union Bank of India, Hosur Branch, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Devas Engineering Systems Pvt. Ltd. The financial creditor claimed a debt of Rs. 29,39,87,476.00 as of 04.12.2015, with further interest and other charges. The corporate debtor's account was classified as NPA on 04.12.2015. The financial creditor restructured and modified the facilities at the request of the corporate debtor. The application seeks to declare a moratorium and appoint an Interim Resolution Professional (IRP). The Corporate Debtor acknowledged the debt in its balance sheets for the financial years 2015, 2016, 2017, 2018, 2019 & 2021. SARFAESI proceedings initiated by the Financial Creditor against the Corporate
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The account of Devas Engineering Systems Pvt.…
The date of default is…
The case involves an application filed by Union Bank of India, Hosur Branch, under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Devas Engineering Systems Pvt. Ltd. The financial creditor claims a debt of Rs. 29,39,87,476.00 as of 04.12.2015, with further interest and other charges. The corporate debtor's account was classified as NPA on 04.12.2015. The financial creditor restructured and modified the facilities at the request of the corporate debtor. The application seeks to declare a moratorium and appoint an Interim Resolution Professional (IRP).
Union Bank of India, Hosur Branch, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Devas Engineering Systems Pvt. Ltd. The financial creditor claimed a debt of Rs. 29,39,87,476.00 as of 04.12.2015, with further interest and other charges. The corporate debtor's account was classified as NPA on 04.12.2015. The financial creditor restructured and modified the facilities at the request of the corporate debtor. The application seeks to declare a moratorium and appoint an Interim Resolution Professional (IRP). The Corporate Debtor acknowledged the debt in its balance sheets for the financial years 2015, 2016, 2017, 2018, 2019 & 2021. SARFAESI proceedings initiated by the Financial Creditor against the Corporate
…The account of Devas Engineering Systems Pvt.…
The date of default is…