DMI Finance Private Limited filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Kandivli Balaji Investment Private Limited, the Corporate Debtor, due to an unresolved financial debt of Rs. 92,59,42,855/-. The Corporate Debtor had approached the Petitioner for availing fund-based financial services for General Corporate Purpose. A Loan Agreement dated 29.06.2017 was executed amongst the Corporate Debtor as 'Borrower', Prasanti Land Developer Private Limited as 'Corporate Guarantor', and the Petitioner as 'Lender'.
DMI Finance Private Limited (Petitioner) filed a petition to initiate Corporate Insolvency Resolution Process (CIRP) against Kandivli Balaji Investment Private Limited (Corporate Debtor) due to a financial debt of Rs. 92,59,42,855/-. A Loan Agreement dated 29.06.2017 was executed between the parties, with the Corporate Debtor as 'Borrower' and the Petitioner as 'Lender'. The Petitioner had agreed to grant a term loan facility of Rs. 40,00,00,000/-. The financial debt was disbursed in various tranches from 12.07.2017 to 15.05.2018. Several agreements were entered to secure the obligation, including personal guarantees, a corporate guarantee, and a deed of pledge. The Corporate Debtor became irregular in payments and stopped paying installments. The Petitioner issued a
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A Loan Agreement was executed amongst…
Financial debt was disbursed by the…
DMI Finance Private Limited filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Kandivli Balaji Investment Private Limited, the Corporate Debtor, due to an unresolved financial debt of Rs. 92,59,42,855/-. The Corporate Debtor had approached the Petitioner for availing fund-based financial services for General Corporate Purpose. A Loan Agreement dated 29.06.2017 was executed amongst the Corporate Debtor as 'Borrower', Prasanti Land Developer Private Limited as 'Corporate Guarantor', and the Petitioner as 'Lender'.
DMI Finance Private Limited (Petitioner) filed a petition to initiate Corporate Insolvency Resolution Process (CIRP) against Kandivli Balaji Investment Private Limited (Corporate Debtor) due to a financial debt of Rs. 92,59,42,855/-. A Loan Agreement dated 29.06.2017 was executed between the parties, with the Corporate Debtor as 'Borrower' and the Petitioner as 'Lender'. The Petitioner had agreed to grant a term loan facility of Rs. 40,00,00,000/-. The financial debt was disbursed in various tranches from 12.07.2017 to 15.05.2018. Several agreements were entered to secure the obligation, including personal guarantees, a corporate guarantee, and a deed of pledge. The Corporate Debtor became irregular in payments and stopped paying installments. The Petitioner issued a
…A Loan Agreement was executed amongst…
Financial debt was disbursed by the…