Goenka Business & Finance Limited filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dharti Proteins Limited. Goenka Business & Finance Limited, the financial creditor, claimed that Dharti Proteins Limited defaulted on a loan of Rs. 1,10,00,000 granted on 25.03.2023. A loan agreement was executed, and a mortgage was created by depositing Title Deeds. The corporate debtor also executed a Demand Promissory Note. The loan was to be repaid within one year with a compounding interest of 12% per annum with monthly rests. Despite follow-ups and a demand notice issued on 14.07.2023, the corporate debtor failed to repay the outstanding dues, which amounted to Rs.
…Goenka Business & Finance Limited (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dharti Proteins Limited (Corporate Debtor). The Financial Creditor granted a loan of Rs. 1,10,00,000 to the Corporate Debtor on 25.03.2023. A loan agreement was executed, and a mortgage was created by depositing Title Deeds. The Corporate Debtor also executed a Demand Promissory Note. The loan was to be repaid within one year with a compounding interest of 12% per annum with monthly rests. The Corporate Debtor failed to repay the interest, leading the Financial Creditor to issue a Demand Notice on 14.07.2023. Despite the notice, the Corporate Debtor failed to repay the
…Sign in to view the parties.
Goenka Business & Finance Limited granted a…
Goenka Business & Finance Limited issued a…
Goenka Business & Finance Limited filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dharti Proteins Limited. Goenka Business & Finance Limited, the financial creditor, claimed that Dharti Proteins Limited defaulted on a loan of Rs. 1,10,00,000 granted on 25.03.2023. A loan agreement was executed, and a mortgage was created by depositing Title Deeds. The corporate debtor also executed a Demand Promissory Note. The loan was to be repaid within one year with a compounding interest of 12% per annum with monthly rests. Despite follow-ups and a demand notice issued on 14.07.2023, the corporate debtor failed to repay the outstanding dues, which amounted to Rs.
…Goenka Business & Finance Limited (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dharti Proteins Limited (Corporate Debtor). The Financial Creditor granted a loan of Rs. 1,10,00,000 to the Corporate Debtor on 25.03.2023. A loan agreement was executed, and a mortgage was created by depositing Title Deeds. The Corporate Debtor also executed a Demand Promissory Note. The loan was to be repaid within one year with a compounding interest of 12% per annum with monthly rests. The Corporate Debtor failed to repay the interest, leading the Financial Creditor to issue a Demand Notice on 14.07.2023. Despite the notice, the Corporate Debtor failed to repay the
…Goenka Business & Finance Limited granted a…
Goenka Business & Finance Limited issued a…