Bank of Baroda, the Financial Creditor, filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against SKS Power Generation (Chhattisgarh) Limited, the Corporate Debtor. The Financial Creditor claimed a default amount of Rs. 110,51,98,982.38/- for the period from 31.03.2021 to 31.05.2021. The Corporate Debtor argued that the defaults occurred during the 'Zero Period' (25.03.2020 to 25.03.2021) and should not be considered for initiating CIRP due to Section 10A of the I&B Code.
Bank of Baroda (Financial Creditor) filed CP (IB) No.893/MB/2021 under Section 7 of the I&B Code, 2016, against SKS Power Generation (Chhattisgarh) Limited (Corporate Debtor) for initiating CIRP. The Financial Creditor claimed a default of Rs. 110,51,98,982.38/- for the period 31.03.2021 to 31.05.2021, including a principal amount of Rs. 50,00,00,000.00 payable as an installment on 31.03.2021 and interest of Rs. 60,51,98,982.38 outstanding as on 31.05.2021. The Date of Default was mentioned as 31.03.2021, and the Petition was filed on 04.09.2021. The Financial Creditor had provided financial assistance to Entwickeln India Energy Private Limited (EIEPL) as the Borrower and SKS Power Generation as the Co-Obligor for an aggregate principal amount of Rs. 1600,00,00,000
…Sign in to view the parties.
Rupee Term Loan Facility Agreement between the…
Working Capital Facility Agreement between the…
Bank of Baroda, the Financial Creditor, filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against SKS Power Generation (Chhattisgarh) Limited, the Corporate Debtor. The Financial Creditor claimed a default amount of Rs. 110,51,98,982.38/- for the period from 31.03.2021 to 31.05.2021. The Corporate Debtor argued that the defaults occurred during the 'Zero Period' (25.03.2020 to 25.03.2021) and should not be considered for initiating CIRP due to Section 10A of the I&B Code.
Bank of Baroda (Financial Creditor) filed CP (IB) No.893/MB/2021 under Section 7 of the I&B Code, 2016, against SKS Power Generation (Chhattisgarh) Limited (Corporate Debtor) for initiating CIRP. The Financial Creditor claimed a default of Rs. 110,51,98,982.38/- for the period 31.03.2021 to 31.05.2021, including a principal amount of Rs. 50,00,00,000.00 payable as an installment on 31.03.2021 and interest of Rs. 60,51,98,982.38 outstanding as on 31.05.2021. The Date of Default was mentioned as 31.03.2021, and the Petition was filed on 04.09.2021. The Financial Creditor had provided financial assistance to Entwickeln India Energy Private Limited (EIEPL) as the Borrower and SKS Power Generation as the Co-Obligor for an aggregate principal amount of Rs. 1600,00,00,000
…Rupee Term Loan Facility Agreement between the…
Working Capital Facility Agreement between the…