This case involves a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Ask Property Investment Advisors Private Limited, the Financial Creditor, seeking the initiation of Corporate Insolvency Resolution Process (CIRP) against Tridhaatu Asset Holdings LLP, the Corporate Debtor. The petition was filed on 03.11.2022, claiming a default amount of Rs. 7,33,40,000 as of the same date. The date of default specified in Part IV of Form 1 is 24.10.2022. The financial arrangement was based on a Debenture Trust Deed (DTD) dated 04.02.2019, under which the Financial Creditor, acting as an investment manager for ASK Real Estate Special Situations Fund-I, subscribed to secured, rated, listed, cumulative, redeemable, non-convertible debentures issued
…Ask Property Investment Advisors Private Limited (Financial Creditor) filed a Company Petition under Section 7 of the Insolvency & Bankruptcy Code, 2016 (IBC) against Tridhaatu Asset Holdings LLP (Corporate Debtor), seeking initiation of Corporate Insolvency Resolution Process (CIRP). The Company Petition was filed on 03.11.2022, claiming a default amount of Rs.7,33,40,000/- as of 03.11.2022, with the date of default specified as 24.10.2022. A Debenture Trust Deed (DTD) dated 04.02.2019 was executed among the Principal Debtor, Corporate Debtor, and the Applicant Financial Creditor. The Financial Creditor acted as the investment manager for ASK Real Estate Special Situations Fund-I. The Fund agreed to subscribe to 4400 secured, rated, listed, cumulative, redeemable,
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Debenture Trust Deed executed amongst the…
Exit Agreement executed modifying the terms of…
This case involves a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Ask Property Investment Advisors Private Limited, the Financial Creditor, seeking the initiation of Corporate Insolvency Resolution Process (CIRP) against Tridhaatu Asset Holdings LLP, the Corporate Debtor. The petition was filed on 03.11.2022, claiming a default amount of Rs. 7,33,40,000 as of the same date. The date of default specified in Part IV of Form 1 is 24.10.2022. The financial arrangement was based on a Debenture Trust Deed (DTD) dated 04.02.2019, under which the Financial Creditor, acting as an investment manager for ASK Real Estate Special Situations Fund-I, subscribed to secured, rated, listed, cumulative, redeemable, non-convertible debentures issued
…Ask Property Investment Advisors Private Limited (Financial Creditor) filed a Company Petition under Section 7 of the Insolvency & Bankruptcy Code, 2016 (IBC) against Tridhaatu Asset Holdings LLP (Corporate Debtor), seeking initiation of Corporate Insolvency Resolution Process (CIRP). The Company Petition was filed on 03.11.2022, claiming a default amount of Rs.7,33,40,000/- as of 03.11.2022, with the date of default specified as 24.10.2022. A Debenture Trust Deed (DTD) dated 04.02.2019 was executed among the Principal Debtor, Corporate Debtor, and the Applicant Financial Creditor. The Financial Creditor acted as the investment manager for ASK Real Estate Special Situations Fund-I. The Fund agreed to subscribe to 4400 secured, rated, listed, cumulative, redeemable,
…Debenture Trust Deed executed amongst the…
Exit Agreement executed modifying the terms of…