The case pertains to an application filed by the Resolution Professional of Ravi Electronics Private Limited (Corporate Debtor) under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. The corporate debtor had guaranteed a loan taken by M/s Instruments Techniques Private Limited from Catholic Syrian Bank Ltd, offering their property in Kukatpally, Hyderabad, as collateral security. The loan account was later assigned to Pegasus Asset Reconstruction Private Limited (ARC) after becoming NPA. The corporate debtor's primary income source was rental income from the premises. The CIRP was initiated after Pegasus Reconstruction Private Limited filed a petition under Section 7 of the IBC, which was admitted on 2024-04-15.

The case pertains to an application filed by the Resolution Professional of Ravi Electronics Private Limited (Corporate Debtor) under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. The corporate debtor had guaranteed a loan taken by M/s Instruments Techniques Private Limited from Catholic Syrian Bank Ltd, offering their property in Kukatpally, Hyderabad, as collateral security. The loan account was later assigned to Pegasus Asset Reconstruction Private Limited (ARC) after becoming NPA. The corporate debtor's primary income source was rental income from the premises. The CIRP was initiated after Pegasus Reconstruction Private Limited filed a petition under Section 7 of the IBC, which was admitted on 2024-04-15.