The case pertains to an application filed by Raj Radhe Finance Limited, the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against L G Fibre Private Limited, the Corporate Debtor, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The Financial Creditor claimed a default amount of Rs.9,94,92,860.57/- with the date of default mentioned as 31.05.2018. The Financial Creditor is incorporated on 17.01.1985, while the Corporate Debtor was incorporated on 21.02.2013 with an authorized share capital of Rs.4,00,00,000/-.
Raj Radhe Finance Limited, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against L G Fibre Private Limited, the Corporate Debtor. The Financial Creditor claimed that the Corporate Debtor defaulted on a debt amounting to Rs.9,94,92,860.57/-, with the date of default being 31.05.2018. The Financial Creditor was incorporated on 17.01.1985, and the Corporate Debtor was incorporated on 21.02.2013. The Corporate Debtor had availed credit facilities from Bank of India and defaulted on repayment. The loan was assigned to the applicant via an agreement dated 21.10.2021. The Corporate Debtor did not deny the existence of the debt or the default. The
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Raj Radhe F…
L G Fibre P…
The case pertains to an application filed by Raj Radhe Finance Limited, the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against L G Fibre Private Limited, the Corporate Debtor, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The Financial Creditor claimed a default amount of Rs.9,94,92,860.57/- with the date of default mentioned as 31.05.2018. The Financial Creditor is incorporated on 17.01.1985, while the Corporate Debtor was incorporated on 21.02.2013 with an authorized share capital of Rs.4,00,00,000/-.
Raj Radhe Finance Limited, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against L G Fibre Private Limited, the Corporate Debtor. The Financial Creditor claimed that the Corporate Debtor defaulted on a debt amounting to Rs.9,94,92,860.57/-, with the date of default being 31.05.2018. The Financial Creditor was incorporated on 17.01.1985, and the Corporate Debtor was incorporated on 21.02.2013. The Corporate Debtor had availed credit facilities from Bank of India and defaulted on repayment. The loan was assigned to the applicant via an agreement dated 21.10.2021. The Corporate Debtor did not deny the existence of the debt or the default. The
…Raj Radhe F…
L G Fibre P…