The Bank of Baroda, as the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Shree Rajasthan Syntex Ltd., the Corporate Debtor. The application was based on an alleged default in the repayment of a Financial Debt amounting to Rs. 35,66,23,325.47/-. A Pre-Packed Insolvency Resolution Process (PPIRP) had already been initiated against the Corporate Debtor in CP No. (IBPP)- 01/54C/JPR/2022, involving M/s Shree Rajasthan Syntex Limited vs. State Bank of India & Ors., with an order dated 19.04.2023.
Bank of Baroda, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Shree Rajasthan Syntex Ltd., the Corporate Debtor. The application was filed due to an alleged default in the repayment of a Financial Debt amounting to Rs. 35,66,23,325.47/-. Prior to this application, a Pre-Packed Insolvency Resolution Process (PPIRP) had already been initiated against the Corporate Debtor in CP No. (IBPP)- 01/54C/JPR/2022, involving M/s Shree Rajasthan Syntex Limited vs. State Bank of India & Ors., with an order dated 19.04.2023. The applicant was directed to submit their claim to the IRP.
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Filing of CP No. (IB)-…
Order passed in CP No. (IBPP)-…
The Bank of Baroda, as the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Shree Rajasthan Syntex Ltd., the Corporate Debtor. The application was based on an alleged default in the repayment of a Financial Debt amounting to Rs. 35,66,23,325.47/-. A Pre-Packed Insolvency Resolution Process (PPIRP) had already been initiated against the Corporate Debtor in CP No. (IBPP)- 01/54C/JPR/2022, involving M/s Shree Rajasthan Syntex Limited vs. State Bank of India & Ors., with an order dated 19.04.2023.
Bank of Baroda, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Shree Rajasthan Syntex Ltd., the Corporate Debtor. The application was filed due to an alleged default in the repayment of a Financial Debt amounting to Rs. 35,66,23,325.47/-. Prior to this application, a Pre-Packed Insolvency Resolution Process (PPIRP) had already been initiated against the Corporate Debtor in CP No. (IBPP)- 01/54C/JPR/2022, involving M/s Shree Rajasthan Syntex Limited vs. State Bank of India & Ors., with an order dated 19.04.2023. The applicant was directed to submit their claim to the IRP.
Filing of CP No. (IB)-…
Order passed in CP No. (IBPP)-…