The case involves an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by the liquidator of Kaliber Associates Private Limited, Mr. Mohan Lal Jain, against J.R. Modi Associates Ltd. The applicant seeks to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to default in repayment of a financial debt. Kaliber Associates Private Limited is undergoing liquidation process. The liquidator sought approval to initiate legal proceedings, including filing an application under Section 7 of IBC against various borrowers of Kaliber, including the corporate debtor. The applicant claims that the corporate debtor defaulted on a financial debt of Rs. 9,05,00,000/-. The applicant also submitted that Kaliber disbursed
…Kaliber Associates Private Limited, through its liquidator Mr. Mohan Lal Jain, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against J.R. Modi Associates Ltd. seeking to initiate CIRP due to a default in repayment of a financial debt of Rs. 9,05,00,000/-. Kaliber is undergoing liquidation since 02.01.2020. The liquidator had previously obtained approval to initiate legal proceedings against borrowers, including the corporate debtor. Kaliber disbursed loans and advances totaling Rs. 29,05,00,000/- to the corporate debtor. The corporate debtor failed to respond to demand notices and the Section 7 application. The date of default is 18.01.2019, and the application was filed on 18.12.2020. The corporate debtor's registered office is in
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Kaliber Associates Private Limited was…
Kaliber Associates Private Limited is…
The case involves an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by the liquidator of Kaliber Associates Private Limited, Mr. Mohan Lal Jain, against J.R. Modi Associates Ltd. The applicant seeks to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to default in repayment of a financial debt. Kaliber Associates Private Limited is undergoing liquidation process. The liquidator sought approval to initiate legal proceedings, including filing an application under Section 7 of IBC against various borrowers of Kaliber, including the corporate debtor. The applicant claims that the corporate debtor defaulted on a financial debt of Rs. 9,05,00,000/-. The applicant also submitted that Kaliber disbursed
…Kaliber Associates Private Limited, through its liquidator Mr. Mohan Lal Jain, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against J.R. Modi Associates Ltd. seeking to initiate CIRP due to a default in repayment of a financial debt of Rs. 9,05,00,000/-. Kaliber is undergoing liquidation since 02.01.2020. The liquidator had previously obtained approval to initiate legal proceedings against borrowers, including the corporate debtor. Kaliber disbursed loans and advances totaling Rs. 29,05,00,000/- to the corporate debtor. The corporate debtor failed to respond to demand notices and the Section 7 application. The date of default is 18.01.2019, and the application was filed on 18.12.2020. The corporate debtor's registered office is in
…Kaliber Associates Private Limited was…
Kaliber Associates Private Limited is…