The petition was filed by Capriso Finance Limited and Siri In Fin Lease Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Trishul Dream Homes Limited. The Financial Creditors claimed that the Corporate Debtor defaulted on a loan amount of Rs. 4,59,47,208.68. The Corporate Debtor is engaged in the real estate business and had been carrying on the development of Trishul Dream Homes. The Financial Creditors are non-banking financial companies providing financial services including loans. In December 2018, the Corporate Debtor approached the Financial Creditor for financial assistance, and the petitioner disbursed Rs. 2,83,50,000. The financial creditors acquired
…Capriso Finance Limited and Siri In Fin Lease Pvt. Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Trishul Dream Homes Limited. The Corporate Debtor is in the real estate business. The Financial Creditors are non-banking financial companies. In December 2018, the Corporate Debtor approached the Financial Creditor for financial assistance, and the petitioner disbursed Rs. 2,83,50,000. The financial creditors acquired shareholding in corporate debtor from shareholders. The Corporate Debtor stopped construction in December 2019 and is in litigation with home buyers and other financial creditors. The Financial Creditors issued a letter dated 21.05.2020 demanding the Corporate Debtor return its financial debt with
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Trishul Dream Homes…
Trishul Dream…
The petition was filed by Capriso Finance Limited and Siri In Fin Lease Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Trishul Dream Homes Limited. The Financial Creditors claimed that the Corporate Debtor defaulted on a loan amount of Rs. 4,59,47,208.68. The Corporate Debtor is engaged in the real estate business and had been carrying on the development of Trishul Dream Homes. The Financial Creditors are non-banking financial companies providing financial services including loans. In December 2018, the Corporate Debtor approached the Financial Creditor for financial assistance, and the petitioner disbursed Rs. 2,83,50,000. The financial creditors acquired
…Capriso Finance Limited and Siri In Fin Lease Pvt. Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Trishul Dream Homes Limited. The Corporate Debtor is in the real estate business. The Financial Creditors are non-banking financial companies. In December 2018, the Corporate Debtor approached the Financial Creditor for financial assistance, and the petitioner disbursed Rs. 2,83,50,000. The financial creditors acquired shareholding in corporate debtor from shareholders. The Corporate Debtor stopped construction in December 2019 and is in litigation with home buyers and other financial creditors. The Financial Creditors issued a letter dated 21.05.2020 demanding the Corporate Debtor return its financial debt with
…Trishul Dream Homes…
Trishul Dream…