M/s. Financial World India Pvt. Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Khusi Building Solutions Pvt. Ltd. The Financial Creditor claimed that the Corporate Debtor defaulted on a payment of Rs. 1,92,86,418/- as of 09.04.2019. The Financial Creditor, a Non-Banking Financial Company (NBFC), alleged that it had sanctioned a loan of Rs. 7,25,00,000/- to the Corporate Debtor, but the Memorandum of Understanding (MOU) related to the loan was lost. The Corporate Debtor admitted to receiving Rs. 7,25,00,000/- and repaying Rs. 6,23,23,000/-, leaving a balance of Rs. 1,01,77,000/- plus interest unpaid. The Corporate Debtor argued that the Financial Creditor
…M/s. Financial World India Pvt. Ltd. (Financial Creditor), a Non-Banking Financial Company, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Khusi Building Solutions Pvt. Ltd. (Corporate Debtor). The Financial Creditor claimed a default of Rs. 1,92,86,418/- as of 09.04.2019, stemming from a loan of Rs. 7,25,00,000/-. The Financial Creditor stated that a Memorandum of Understanding (MOU) related to the loan was lost, and an FIR was filed on 07.01.2019. The Corporate Debtor admitted to receiving Rs. 7,25,00,000/- and repaying Rs. 6,23,23,000/-, leaving Rs. 1,01,77,000/- plus interest unpaid. The Corporate Debtor contended that the Financial Creditor approached them for
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M/s. Khusi Building…
Expression of Interest was executed for 80:20…
M/s. Financial World India Pvt. Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Khusi Building Solutions Pvt. Ltd. The Financial Creditor claimed that the Corporate Debtor defaulted on a payment of Rs. 1,92,86,418/- as of 09.04.2019. The Financial Creditor, a Non-Banking Financial Company (NBFC), alleged that it had sanctioned a loan of Rs. 7,25,00,000/- to the Corporate Debtor, but the Memorandum of Understanding (MOU) related to the loan was lost. The Corporate Debtor admitted to receiving Rs. 7,25,00,000/- and repaying Rs. 6,23,23,000/-, leaving a balance of Rs. 1,01,77,000/- plus interest unpaid. The Corporate Debtor argued that the Financial Creditor
…M/s. Financial World India Pvt. Ltd. (Financial Creditor), a Non-Banking Financial Company, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Khusi Building Solutions Pvt. Ltd. (Corporate Debtor). The Financial Creditor claimed a default of Rs. 1,92,86,418/- as of 09.04.2019, stemming from a loan of Rs. 7,25,00,000/-. The Financial Creditor stated that a Memorandum of Understanding (MOU) related to the loan was lost, and an FIR was filed on 07.01.2019. The Corporate Debtor admitted to receiving Rs. 7,25,00,000/- and repaying Rs. 6,23,23,000/-, leaving Rs. 1,01,77,000/- plus interest unpaid. The Corporate Debtor contended that the Financial Creditor approached them for
…M/s. Khusi Building…
Expression of Interest was executed for 80:20…