The application is filed under Section 54C of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Pre-Packaged Insolvency Resolution Process) Rules, 2021, seeking initiation of Pre-Packed Insolvency Resolution Process (PPIRP) under Chapter III-A of the Code with respect to KVIR Towers Private Limited. The Corporate Debtor is a company limited by Shares (Non-Government Co.) incorporated on 11.07.2013. The Corporate Debtor has given Corporate Guarantee for an amount of Rs. 170 crore. The principal borrower RG Residency Pvt. Ltd. for whom the Corporate Debtor has given guarantee is stated to be under a default of Rs. 255.40 crore which is owed to Prithvi Asset Reconstruction and Securitization Company Ltd. Amount of default is Rs.

The application is filed under Section 54C of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Pre-Packaged Insolvency Resolution Process) Rules, 2021, seeking initiation of Pre-Packed Insolvency Resolution Process (PPIRP) under Chapter III-A of the Code with respect to KVIR Towers Private Limited. The Corporate Debtor is a company limited by Shares (Non-Government Co.) incorporated on 11.07.2013. The Corporate Debtor has given Corporate Guarantee for an amount of Rs. 170 crore. The principal borrower RG Residency Pvt. Ltd. for whom the Corporate Debtor has given guarantee is stated to be under a default of Rs. 255.40 crore which is owed to Prithvi Asset Reconstruction and Securitization Company Ltd. Amount of default is Rs.