Esoteric Trading Pvt. Ltd. filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Greenleaf Commerce Pvt. Ltd. The petition alleges that Greenleaf Commerce Pvt. Ltd. defaulted in making payment to Esoteric Trading Pvt. Ltd.
Esoteric Trading Pvt. Ltd. (Financial Creditor) filed a petition against Greenleaf Commerce Pvt. Ltd. (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP. The Corporate Debtor allegedly defaulted in making payment to the Financial Creditor. The Corporate Debtor approached the Financial Creditor for a loan of Rs. 7,48,00,000, and both parties entered into a Loan Agreement dated February 28, 2017. According to the agreement, the Corporate Debtor was liable to repay the loan amount on or before April 2019. The Financial Creditor submitted that the loan was not repaid on the due date, and despite several requests and reminders, the Corporate Debtor failed to repay the outstanding amount. The outstanding dues aggregated
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The Corporate Debtor and the Financial…
The Corporate Debtor…
Esoteric Trading Pvt. Ltd. filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Greenleaf Commerce Pvt. Ltd. The petition alleges that Greenleaf Commerce Pvt. Ltd. defaulted in making payment to Esoteric Trading Pvt. Ltd.
Esoteric Trading Pvt. Ltd. (Financial Creditor) filed a petition against Greenleaf Commerce Pvt. Ltd. (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP. The Corporate Debtor allegedly defaulted in making payment to the Financial Creditor. The Corporate Debtor approached the Financial Creditor for a loan of Rs. 7,48,00,000, and both parties entered into a Loan Agreement dated February 28, 2017. According to the agreement, the Corporate Debtor was liable to repay the loan amount on or before April 2019. The Financial Creditor submitted that the loan was not repaid on the due date, and despite several requests and reminders, the Corporate Debtor failed to repay the outstanding amount. The outstanding dues aggregated
…The Corporate Debtor and the Financial…
The Corporate Debtor…