The Central Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against Repute Foods Pvt. Ltd. The application seeks initiation of the Corporate Insolvency Resolution Process (CIRP) and appointment of an Interim Resolution Professional (IRP) due to the corporate debtor's default in payment of outstanding dues. The bank claimed a default of Rs. 20,46,31,392/- including interest, with the date of default stated as 11.08.2023. The applicant has provided various documents, including sanction letters, DP notes, letters of waiver, mortgage deeds, and board resolutions, to support its claim. The matter was listed multiple times,
…Central Bank of India, the applicant and financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Repute Foods Pvt. Ltd., the respondent and corporate debtor, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The applicant claimed a default of Rs. 20,46,31,392/- including interest, with the date of default being 11.08.2023. The applicant submitted various documents, including sanction letters, DP notes, letters of waiver, mortgage deeds, and board resolutions, to support its claim. The NeSL record of default (Form-D) was in an authenticated stage. The respondent failed to file a reply or provide proof of payment of costs imposed by the tribunal. The cash-credit facilities were first disbursed
…Sign in to view the parties.
The date of de…
The present p…
The Central Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against Repute Foods Pvt. Ltd. The application seeks initiation of the Corporate Insolvency Resolution Process (CIRP) and appointment of an Interim Resolution Professional (IRP) due to the corporate debtor's default in payment of outstanding dues. The bank claimed a default of Rs. 20,46,31,392/- including interest, with the date of default stated as 11.08.2023. The applicant has provided various documents, including sanction letters, DP notes, letters of waiver, mortgage deeds, and board resolutions, to support its claim. The matter was listed multiple times,
…Central Bank of India, the applicant and financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Repute Foods Pvt. Ltd., the respondent and corporate debtor, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The applicant claimed a default of Rs. 20,46,31,392/- including interest, with the date of default being 11.08.2023. The applicant submitted various documents, including sanction letters, DP notes, letters of waiver, mortgage deeds, and board resolutions, to support its claim. The NeSL record of default (Form-D) was in an authenticated stage. The respondent failed to file a reply or provide proof of payment of costs imposed by the tribunal. The cash-credit facilities were first disbursed
…The date of de…
The present p…