The case pertains to an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by M/s Pallia Transport Company (Financial Creditor) against RNV Hospitality Services Private Limited (Corporate Debtor) seeking initiation of Corporate Insolvency Resolution Process (CIRP). The financial creditor had granted a bridge loan to the corporate debtor for funding the acquisition or construction of a Micro Brewery at Gurugram. The loan amount was ₹30,00,000 with an interest rate of 24% per annum, to be repaid through weekly installments starting from 10.10.2016, with the last installment due on 13.02.2017. The corporate debtor defaulted on the repayment.
M/s Pallia Transport Company (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against RNV Hospitality Services Private Limited (Corporate Debtor) seeking initiation of Corporate Insolvency Resolution Process (CIRP). The Financial Creditor had extended a bridge loan of ₹30,00,000 to the Corporate Debtor to fund the acquisition or construction of a Micro Brewery at Gurugram. The loan carried an interest rate of 24% per annum and was to be repaid through weekly installments starting from 10.10.2016, with the final installment due on 13.02.2017. The Corporate Debtor defaulted on the repayment, with the amount of default stated as ₹32,10,267. The first date of default was 10.10.2016, and the last date of default was
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The case pertains to an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by M/s Pallia Transport Company (Financial Creditor) against RNV Hospitality Services Private Limited (Corporate Debtor) seeking initiation of Corporate Insolvency Resolution Process (CIRP). The financial creditor had granted a bridge loan to the corporate debtor for funding the acquisition or construction of a Micro Brewery at Gurugram. The loan amount was ₹30,00,000 with an interest rate of 24% per annum, to be repaid through weekly installments starting from 10.10.2016, with the last installment due on 13.02.2017. The corporate debtor defaulted on the repayment.
M/s Pallia Transport Company (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against RNV Hospitality Services Private Limited (Corporate Debtor) seeking initiation of Corporate Insolvency Resolution Process (CIRP). The Financial Creditor had extended a bridge loan of ₹30,00,000 to the Corporate Debtor to fund the acquisition or construction of a Micro Brewery at Gurugram. The loan carried an interest rate of 24% per annum and was to be repaid through weekly installments starting from 10.10.2016, with the final installment due on 13.02.2017. The Corporate Debtor defaulted on the repayment, with the amount of default stated as ₹32,10,267. The first date of default was 10.10.2016, and the last date of default was
…The first date of…
The last date of…