IDBI Trusteeship Services Limited, acting as the Debenture Trustee for Kautilya Finance BV, filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Shree Vardhman Buildprop Private Limited, the Corporate Debtor. The Corporate Debtor had issued debentures to Kautilya Finance BV to raise finance for a low-cost housing project. The Corporate Debtor defaulted on repayment obligations, leading to the application for CIRP.
IDBI Trusteeship Services Limited, acting as the Debenture Trustee for Kautilya Finance BV, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Shree Vardhman Buildprop Private Limited. Shree Vardhman Buildprop Private Limited is developing a low-cost housing project called "Shree Vardhman Mantra". To finance the project, the Corporate Debtor issued debentures to Kautilya Finance BV. Kautilya Finance BV is a foreign portfolio investor registered with SEBI. The Corporate Debtor issued an Information Memorandum-cum-Private Placement Offer Letter dated 14.06.2016. Under the Debenture Subscription Agreement dated 14.06.2016, Kautilya Finance BV agreed to subscribe to
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IDBI Trusteeship Services Limited, acting as the Debenture Trustee for Kautilya Finance BV, filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Shree Vardhman Buildprop Private Limited, the Corporate Debtor. The Corporate Debtor had issued debentures to Kautilya Finance BV to raise finance for a low-cost housing project. The Corporate Debtor defaulted on repayment obligations, leading to the application for CIRP.
IDBI Trusteeship Services Limited, acting as the Debenture Trustee for Kautilya Finance BV, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Shree Vardhman Buildprop Private Limited. Shree Vardhman Buildprop Private Limited is developing a low-cost housing project called "Shree Vardhman Mantra". To finance the project, the Corporate Debtor issued debentures to Kautilya Finance BV. Kautilya Finance BV is a foreign portfolio investor registered with SEBI. The Corporate Debtor issued an Information Memorandum-cum-Private Placement Offer Letter dated 14.06.2016. Under the Debenture Subscription Agreement dated 14.06.2016, Kautilya Finance BV agreed to subscribe to
…M/s. Kautilya Finance BV agreed to subscribe to…
Debenture Trust Deed entered into between the…