The case involves an application filed by K.C. Gurusamy (Financial Creditor) against Harshitha Hospitals Pvt Ltd (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Financial Creditor claims a default of Rs. 2,55,91,244/- based on a loan agreement dated 25.04.2024. The Corporate Debtor, through its Managing Director, admitted the debt and default. The Financial Creditor has submitted documents including the loan agreement, demand promissory note, and statement of accounts to substantiate the financial debt.
K.C. Gurusamy, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Harshitha Hospitals Pvt Ltd, the Corporate Debtor. The application was filed due to a default on a loan agreement dated 25.04.2024. The total amount claimed by the Financial Creditor is Rs. 2,55,91,244/-, comprising Rs. 2,47,11,000/- towards the principal and Rs. 8,80,244 towards the interest. The date of default is stated to be 05.08.2024. The Financial Creditor submitted documents including a loan agreement, demand promissory note, letter of continuity, and board resolution authorizing the loan. The Corporate Debtor, through its Managing Director Dr. Ilankumaran, admitted the debt and default in their reply. The loan was disbursed between
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The case involves an application filed by K.C. Gurusamy (Financial Creditor) against Harshitha Hospitals Pvt Ltd (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Financial Creditor claims a default of Rs. 2,55,91,244/- based on a loan agreement dated 25.04.2024. The Corporate Debtor, through its Managing Director, admitted the debt and default. The Financial Creditor has submitted documents including the loan agreement, demand promissory note, and statement of accounts to substantiate the financial debt.
K.C. Gurusamy, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Harshitha Hospitals Pvt Ltd, the Corporate Debtor. The application was filed due to a default on a loan agreement dated 25.04.2024. The total amount claimed by the Financial Creditor is Rs. 2,55,91,244/-, comprising Rs. 2,47,11,000/- towards the principal and Rs. 8,80,244 towards the interest. The date of default is stated to be 05.08.2024. The Financial Creditor submitted documents including a loan agreement, demand promissory note, letter of continuity, and board resolution authorizing the loan. The Corporate Debtor, through its Managing Director Dr. Ilankumaran, admitted the debt and default in their reply. The loan was disbursed between
…Board resolution of…
Date of the Loan…