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 the Corporate Debtor had approached them for a loan, and a sanction letter for Rs. 7,25,00,000/- was issued. However, the Memorandum of Understanding (MOU) related to the loan was reportedly lost during the shifting of the Financial Creditor's office, leading to the filing of an FIR. The Corporate Debtor admitted to receiving Rs. 7,25,00,000/- and
…M/s. Financial World India Pvt. Ltd. (Financial Creditor), an NBFC, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate 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. The Financial Creditor alleged that the Corporate Debtor approached them for a loan of Rs. 7,25,00,000/-, and a sanction letter was issued. A Memorandum of Understanding (MOU) was executed but later lost during the shifting of the Financial Creditor's office, leading to the filing of an FIR 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
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M/s Khusi Building…
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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 the Corporate Debtor had approached them for a loan, and a sanction letter for Rs. 7,25,00,000/- was issued. However, the Memorandum of Understanding (MOU) related to the loan was reportedly lost during the shifting of the Financial Creditor's office, leading to the filing of an FIR. The Corporate Debtor admitted to receiving Rs. 7,25,00,000/- and
…M/s. Financial World India Pvt. Ltd. (Financial Creditor), an NBFC, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate 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. The Financial Creditor alleged that the Corporate Debtor approached them for a loan of Rs. 7,25,00,000/-, and a sanction letter was issued. A Memorandum of Understanding (MOU) was executed but later lost during the shifting of the Financial Creditor's office, leading to the filing of an FIR 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
…M/s Khusi Building…
Expression of Interest…