Kaliber Associates Pvt. Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, against Laiba International Pvt. Ltd., alleging default in payment of financial facilities extended by the applicant. The applicant claimed that the corporate debtor defaulted on payments, as reflected in the audited financial statements for the years 2019-20, 2020-21, and 2021-22. The applicant submitted details of the default to the Information Utility (IU), namely National E-governance Services Ltd., which issued a report authenticating the default.
Kaliber Associates Pvt. Ltd. (the applicant/financial creditor) filed an application under Section 7 of the IBC against Laiba International Pvt. Ltd. (the corporate debtor) for defaulting on financial facilities. The applicant submitted that the corporate debtor's audited financial statements for 2019-20, 2020-21, and 2021-22 reflected the availed financial facilities. The applicant also submitted details of the default to the Information Utility (IU), National E-governance Services Ltd., which issued a report on 05.01.2022 authenticating the default. The corporate debtor argued that the petition was time-barred. The date of default was 31.01.2019. The corporate debtor's balance sheets for the years 2019-20, 2020-21, and 2021-22 showed the amount of debt as its
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Applicant/Financial Creditor submitted…
The IU issued its report to the Financial…
Kaliber Associates Pvt. Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, against Laiba International Pvt. Ltd., alleging default in payment of financial facilities extended by the applicant. The applicant claimed that the corporate debtor defaulted on payments, as reflected in the audited financial statements for the years 2019-20, 2020-21, and 2021-22. The applicant submitted details of the default to the Information Utility (IU), namely National E-governance Services Ltd., which issued a report authenticating the default.
Kaliber Associates Pvt. Ltd. (the applicant/financial creditor) filed an application under Section 7 of the IBC against Laiba International Pvt. Ltd. (the corporate debtor) for defaulting on financial facilities. The applicant submitted that the corporate debtor's audited financial statements for 2019-20, 2020-21, and 2021-22 reflected the availed financial facilities. The applicant also submitted details of the default to the Information Utility (IU), National E-governance Services Ltd., which issued a report on 05.01.2022 authenticating the default. The corporate debtor argued that the petition was time-barred. The date of default was 31.01.2019. The corporate debtor's balance sheets for the years 2019-20, 2020-21, and 2021-22 showed the amount of debt as its
…Applicant/Financial Creditor submitted…
The IU issued its report to the Financial…