The case involves an application filed by PAN India Network Limited ("Financial Creditor") under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process ("CIRP") against EGT Entertainment Private Limited ("Corporate Debtor") for an unresolved Financial Debt of Rs. 2,42,60,191/- plus interest. The Corporate Debtor was incorporated as a Private Limited Company under the jurisdiction of Registrar of Companies (ROC), Sikkim. The Financial Creditor disbursed an unsecured loan to the Corporate Debtor. The Financial Creditor was admitted into CIRP by the NCLT, Mumbai, and subsequently ordered into liquidation, with Ms. Sonu Gupta appointed as the Liquidator.
PAN India Network Limited (in liquidation) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against EGT Entertainment Private Limited, citing an unresolved financial debt of Rs. 2,42,60,191/- plus interest, with a default date of 31.03.2023. EGT Entertainment Private Limited was incorporated in Sikkim in 2010. The Financial Creditor disbursed an unsecured loan to the Corporate Debtor. The Financial Creditor itself was admitted into CIRP and subsequently liquidated, with Ms. Sonu Gupta appointed as the Liquidator. The Liquidator sought and obtained permission from the NCLT, Mumbai, to initiate legal proceedings against the Corporate Debtor. A demand notice was issued to the Corporate Debtor, which was acknowledged, but
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EGT Entertainment Private Limited was…
PAN India Network…
The case involves an application filed by PAN India Network Limited ("Financial Creditor") under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process ("CIRP") against EGT Entertainment Private Limited ("Corporate Debtor") for an unresolved Financial Debt of Rs. 2,42,60,191/- plus interest. The Corporate Debtor was incorporated as a Private Limited Company under the jurisdiction of Registrar of Companies (ROC), Sikkim. The Financial Creditor disbursed an unsecured loan to the Corporate Debtor. The Financial Creditor was admitted into CIRP by the NCLT, Mumbai, and subsequently ordered into liquidation, with Ms. Sonu Gupta appointed as the Liquidator.
PAN India Network Limited (in liquidation) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against EGT Entertainment Private Limited, citing an unresolved financial debt of Rs. 2,42,60,191/- plus interest, with a default date of 31.03.2023. EGT Entertainment Private Limited was incorporated in Sikkim in 2010. The Financial Creditor disbursed an unsecured loan to the Corporate Debtor. The Financial Creditor itself was admitted into CIRP and subsequently liquidated, with Ms. Sonu Gupta appointed as the Liquidator. The Liquidator sought and obtained permission from the NCLT, Mumbai, to initiate legal proceedings against the Corporate Debtor. A demand notice was issued to the Corporate Debtor, which was acknowledged, but
…EGT Entertainment Private Limited was…
PAN India Network…