Shirijay Infra Pvt Ltd, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Trans Polyurethane Private Limited, the Corporate Debtor, seeking initiation of Corporate Insolvency Resolution Process (CIRP). The petition was based on an alleged default of Rs. 3,68,20,072/-. The debt was initially owed to Satec Envir Engineering (India) Pvt. Ltd., which allegedly assigned it to Shirijay Infra Pvt Ltd. The application was filed on 22.04.2022.
Shirijay Infra Pvt Ltd filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Trans Polyurethane Private Limited, seeking initiation of CIRP based on a default of Rs. 3,68,20,072/-. The debt was allegedly assigned to Shirijay Infra Pvt Ltd by Satec Envir Engineering (India) Pvt. Ltd., the original lender. The application was filed on 22.04.2022, with the date of default stated as 08.01.2022. The Applicant claimed that Satec Envir Engineering had provided financial assistance to the Respondent, who failed to repay. The original lender then assigned the debt to the Applicant. The Applicant provided a deed of assignment dated 15.05.2021. The Adjudicating Authority observed that the Applicant failed to provide sufficient evidence of loan
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The petition was filed by the Financial…
The Adjudicating Authority passed an ex-parte…
Shirijay Infra Pvt Ltd, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Trans Polyurethane Private Limited, the Corporate Debtor, seeking initiation of Corporate Insolvency Resolution Process (CIRP). The petition was based on an alleged default of Rs. 3,68,20,072/-. The debt was initially owed to Satec Envir Engineering (India) Pvt. Ltd., which allegedly assigned it to Shirijay Infra Pvt Ltd. The application was filed on 22.04.2022.
Shirijay Infra Pvt Ltd filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Trans Polyurethane Private Limited, seeking initiation of CIRP based on a default of Rs. 3,68,20,072/-. The debt was allegedly assigned to Shirijay Infra Pvt Ltd by Satec Envir Engineering (India) Pvt. Ltd., the original lender. The application was filed on 22.04.2022, with the date of default stated as 08.01.2022. The Applicant claimed that Satec Envir Engineering had provided financial assistance to the Respondent, who failed to repay. The original lender then assigned the debt to the Applicant. The Applicant provided a deed of assignment dated 15.05.2021. The Adjudicating Authority observed that the Applicant failed to provide sufficient evidence of loan
…The petition was filed by the Financial…
The Adjudicating Authority passed an ex-parte…