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), the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against EGT Entertainment Private Limited, the Corporate Debtor, for an unresolved financial debt of Rs. 2,42,60,191/- plus interest. The date of default was 31.03.2023. The Corporate Debtor was incorporated in Sikkim in 2010. The Financial Creditor disbursed an unsecured loan to the Corporate Debtor. The Financial Creditor was admitted into CIRP and subsequently ordered into liquidation, with Ms. Sonu Gupta appointed as the Liquidator. The Liquidator approached the NCLT, Mumbai, seeking permission to initiate legal proceedings, which was granted. A demand notice
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EGT Entertainment…
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), the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against EGT Entertainment Private Limited, the Corporate Debtor, for an unresolved financial debt of Rs. 2,42,60,191/- plus interest. The date of default was 31.03.2023. The Corporate Debtor was incorporated in Sikkim in 2010. The Financial Creditor disbursed an unsecured loan to the Corporate Debtor. The Financial Creditor was admitted into CIRP and subsequently ordered into liquidation, with Ms. Sonu Gupta appointed as the Liquidator. The Liquidator approached the NCLT, Mumbai, seeking permission to initiate legal proceedings, which was granted. A demand notice
…EGT Entertainment…
PAN India Network…