The case involves an application filed by Volkswagen Finance Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Evo Green Trading Pvt. Ltd. Volkswagen Finance claims that Evo Green Trading defaulted on a financial facility availed from them. The application was filed before the National Company Law Tribunal (NCLT), New Delhi Bench-IV.
Volkswagen Finance Pvt. Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Evo Green Trading Pvt. Ltd. Volkswagen Finance claimed that Evo Green Trading had availed a financial facility from them on 30.07.2015 and defaulted on repayment. The outstanding amount as of 16.12.2019 was Rs. 1,00,00,500.00. Volkswagen Finance submitted a copy of the loan application form, loan agreement dated 30.07.2015, and a copy of the demand notice dated 18.12.2019 as evidence. Evo Green Trading remained absent despite service of notice. The registered office of Evo Green Trading is in New Delhi, giving the NCLT Delhi jurisdiction. Mr. Abhishek Chauhan was authorized to file the
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Evo Green Trad…
Volkswagen Finance Pvt.…
The case involves an application filed by Volkswagen Finance Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Evo Green Trading Pvt. Ltd. Volkswagen Finance claims that Evo Green Trading defaulted on a financial facility availed from them. The application was filed before the National Company Law Tribunal (NCLT), New Delhi Bench-IV.
Volkswagen Finance Pvt. Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Evo Green Trading Pvt. Ltd. Volkswagen Finance claimed that Evo Green Trading had availed a financial facility from them on 30.07.2015 and defaulted on repayment. The outstanding amount as of 16.12.2019 was Rs. 1,00,00,500.00. Volkswagen Finance submitted a copy of the loan application form, loan agreement dated 30.07.2015, and a copy of the demand notice dated 18.12.2019 as evidence. Evo Green Trading remained absent despite service of notice. The registered office of Evo Green Trading is in New Delhi, giving the NCLT Delhi jurisdiction. Mr. Abhishek Chauhan was authorized to file the
…Evo Green Trad…
Volkswagen Finance Pvt.…