The case involves an application filed by State Bank of India (SBI), the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Jupiter Coke and Energy Private Limited, the Corporate Debtor, due to default in payment of financial debt. The financial creditor sanctioned credit facilities to the corporate debtor, which were secured by hypothecation/mortgage of land, personal guarantees, and corporate guarantees. The account of the Corporate Debtor became irregular and was classified as a Non-Performing Asset (NPA) on 28.12.2012. The financial creditor recalled the credit facilities on 14.08.2013.
State Bank of India (SBI) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Jupiter Coke and Energy Private Limited. SBI had sanctioned credit facilities to Jupiter Coke and Energy Private Limited, secured by hypothecation/mortgage of land, personal guarantees, and corporate guarantees. The Corporate Debtor defaulted in repayment, and the account was classified as NPA on 28.12.2012. SBI recalled the credit facilities on 14.08.2013. The application was filed on 23.09.2019. SBI also filed an Original Application No.78 of 2014 under Section 19 (3) of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 before the Debt Recovery Tribunal (DRT), Kolkata for
…Sign in to view the parties.
Date of the sanction…
Start date for the…
The case involves an application filed by State Bank of India (SBI), the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Jupiter Coke and Energy Private Limited, the Corporate Debtor, due to default in payment of financial debt. The financial creditor sanctioned credit facilities to the corporate debtor, which were secured by hypothecation/mortgage of land, personal guarantees, and corporate guarantees. The account of the Corporate Debtor became irregular and was classified as a Non-Performing Asset (NPA) on 28.12.2012. The financial creditor recalled the credit facilities on 14.08.2013.
State Bank of India (SBI) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Jupiter Coke and Energy Private Limited. SBI had sanctioned credit facilities to Jupiter Coke and Energy Private Limited, secured by hypothecation/mortgage of land, personal guarantees, and corporate guarantees. The Corporate Debtor defaulted in repayment, and the account was classified as NPA on 28.12.2012. SBI recalled the credit facilities on 14.08.2013. The application was filed on 23.09.2019. SBI also filed an Original Application No.78 of 2014 under Section 19 (3) of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 before the Debt Recovery Tribunal (DRT), Kolkata for
…Date of the sanction…
Start date for the…