The case involves a petition filed by SREI Equipment Finance Limited (Financial Creditor/Petitioner) under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Supreme Star Villa Private Limited (Corporate Debtor/Respondent) for defaulting on a repayment of Rs. 84,71,02,311/-. The Financial Creditor issued an offer letter on 15.09.2018, offering a loan of Rs. 46,50,00,000/- with specific terms and conditions. The loan was disbursed on 28.09.2018, and a loan agreement was executed on 29.09.2018. The Corporate Debtor made some repayments between 31.12.2018 and 31.12.2019, but defaulted thereafter, with the date of default mentioned as 15.11.2019. A demand notice was issued on 25.11.2021, but the
…SREI Equipment Finance Limited (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Supreme Star Villa Private Limited (Corporate Debtor) due to a default of Rs. 84,71,02,311/-. The Financial Creditor issued an offer letter on 15.09.2018 for a loan of Rs. 46,50,00,000/-, which was disbursed on 28.09.2018. A loan agreement was executed on 29.09.2018 with an interest rate of 14.74% and a tenure of 36 months, with monthly installments starting from 15.10.2018. The Corporate Debtor made repayments totaling Rs. 8,00,00,000/- between 31.12.2018 and 31.12.2019. The last payment was made on 31.12.2019 for Rs. 2,00,00,000/-, which was adjusted towards the installment
…Sign in to view the parties.
Financial Creditor issued Offer Letter No. OFFER…
Loan amount…
The case involves a petition filed by SREI Equipment Finance Limited (Financial Creditor/Petitioner) under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Supreme Star Villa Private Limited (Corporate Debtor/Respondent) for defaulting on a repayment of Rs. 84,71,02,311/-. The Financial Creditor issued an offer letter on 15.09.2018, offering a loan of Rs. 46,50,00,000/- with specific terms and conditions. The loan was disbursed on 28.09.2018, and a loan agreement was executed on 29.09.2018. The Corporate Debtor made some repayments between 31.12.2018 and 31.12.2019, but defaulted thereafter, with the date of default mentioned as 15.11.2019. A demand notice was issued on 25.11.2021, but the
…SREI Equipment Finance Limited (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Supreme Star Villa Private Limited (Corporate Debtor) due to a default of Rs. 84,71,02,311/-. The Financial Creditor issued an offer letter on 15.09.2018 for a loan of Rs. 46,50,00,000/-, which was disbursed on 28.09.2018. A loan agreement was executed on 29.09.2018 with an interest rate of 14.74% and a tenure of 36 months, with monthly installments starting from 15.10.2018. The Corporate Debtor made repayments totaling Rs. 8,00,00,000/- between 31.12.2018 and 31.12.2019. The last payment was made on 31.12.2019 for Rs. 2,00,00,000/-, which was adjusted towards the installment
…Financial Creditor issued Offer Letter No. OFFER…
Loan amount…