ASK Trusteeship Services Private Limited, acting as the Applicant/Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Nobility Estates Pvt. Ltd, the Respondent/Corporate Debtor. The application was filed on 25.05.2023, seeking a moratorium and the appointment of an Interim Resolution Professional (IRP). The Corporate Debtor was incorporated on 02.01.2014 and is involved in real estate activities. The Applicant claimed default based on a Debenture Subscription Agreement (DSA) where the Respondent failed to redeem Optionally Convertible Debentures (OCDs) by the revised redemption date of July 31, 2021.
ASK Trusteeship Services Private Limited (Applicant/Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Nobility Estates Pvt. Ltd (Respondent/Corporate Debtor). The Corporate Debtor was incorporated on 02.01.2014 and is involved in real estate activities. The Applicant and Respondent entered into a Debenture Subscription Agreement (DSA) dated 10.07.2015, where the Applicant subscribed to debentures issued by the Respondent. The Applicant disbursed amounts as per the schedule: Rs. 40,00,00,000/- on 07.10.2015, Rs. 25,00,00,000/- on 03.11.2015, and Rs. 60,00,00,000/- on 22.03.2016. The Applicant was allotted 1,250 unlisted optionally convertible
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M/s Nobility Estates…
Applicant and…
ASK Trusteeship Services Private Limited, acting as the Applicant/Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Nobility Estates Pvt. Ltd, the Respondent/Corporate Debtor. The application was filed on 25.05.2023, seeking a moratorium and the appointment of an Interim Resolution Professional (IRP). The Corporate Debtor was incorporated on 02.01.2014 and is involved in real estate activities. The Applicant claimed default based on a Debenture Subscription Agreement (DSA) where the Respondent failed to redeem Optionally Convertible Debentures (OCDs) by the revised redemption date of July 31, 2021.
ASK Trusteeship Services Private Limited (Applicant/Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Nobility Estates Pvt. Ltd (Respondent/Corporate Debtor). The Corporate Debtor was incorporated on 02.01.2014 and is involved in real estate activities. The Applicant and Respondent entered into a Debenture Subscription Agreement (DSA) dated 10.07.2015, where the Applicant subscribed to debentures issued by the Respondent. The Applicant disbursed amounts as per the schedule: Rs. 40,00,00,000/- on 07.10.2015, Rs. 25,00,00,000/- on 03.11.2015, and Rs. 60,00,00,000/- on 22.03.2016. The Applicant was allotted 1,250 unlisted optionally convertible
…M/s Nobility Estates…
Applicant and…