The case involves a petition filed by Nineicon Private Limited, the Financial Creditor, against Eccol Gaming Solutions Private Limited, the Corporate Debtor, seeking to initiate Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Financial Creditor claims that the Corporate Debtor defaulted on a financial debt of Rs. 2,00,00,000/- arising from a loan agreement.
Nineicon Private Limited (Financial Creditor) filed a petition against Eccol Gaming Solutions Private Limited (Corporate Debtor) to initiate CIRP. The Financial Creditor and Corporate Debtor entered into a loan agreement dated 2019-07-16, where the Financial Creditor disbursed Rs. 2,00,00,000/- to the Corporate Debtor. The Financial Creditor sent emails on 2019-10-07, 2019-11-11, and 2019-12-06 requesting repayment. On 2019-12-23, the Financial Creditor issued a demand notice for Rs. 2,00,00,000/-. The Corporate Debtor acknowledged receiving the amount in its balance sheet as of 2020-06-12. The Corporate Debtor did not file any reply to the petition despite being served and granted adjournments. The Financial Creditor submitted a certificate under the Bankers Books
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The Petitioner and the…
The Petitioner sent an email to the Corporate…
The case involves a petition filed by Nineicon Private Limited, the Financial Creditor, against Eccol Gaming Solutions Private Limited, the Corporate Debtor, seeking to initiate Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Financial Creditor claims that the Corporate Debtor defaulted on a financial debt of Rs. 2,00,00,000/- arising from a loan agreement.
Nineicon Private Limited (Financial Creditor) filed a petition against Eccol Gaming Solutions Private Limited (Corporate Debtor) to initiate CIRP. The Financial Creditor and Corporate Debtor entered into a loan agreement dated 2019-07-16, where the Financial Creditor disbursed Rs. 2,00,00,000/- to the Corporate Debtor. The Financial Creditor sent emails on 2019-10-07, 2019-11-11, and 2019-12-06 requesting repayment. On 2019-12-23, the Financial Creditor issued a demand notice for Rs. 2,00,00,000/-. The Corporate Debtor acknowledged receiving the amount in its balance sheet as of 2020-06-12. The Corporate Debtor did not file any reply to the petition despite being served and granted adjournments. The Financial Creditor submitted a certificate under the Bankers Books
…The Petitioner and the…
The Petitioner sent an email to the Corporate…