The application has been filed by the Resolution Professional under Section 94(1) of IBC, 2016, seeking initiation of Insolvency Process for default of an amount of Rs. 10,37,60,20,993/- along with interest @ 10% p.a. with effect from 15.07.2022.
The Resolution Professional filed an application under Section 94(1) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the initiation of the insolvency process due to a default of Rs. 10,37,60,20,993/- along with interest at 10% per annum, effective from 15.07.2022. The applicant proposed Mr. Prabhat Ranjan Singh as the Resolution Professional. The court appointed Mr. Prabhat Ranjan Singh as the Resolution Professional and directed him to submit a report under Section 99 of the IBC. The applicant was also directed to file a fresh AFA within two weeks. The matter was listed for further hearing on 09.01.2024.
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Interest on the…
The order was d…
The application has been filed by the Resolution Professional under Section 94(1) of IBC, 2016, seeking initiation of Insolvency Process for default of an amount of Rs. 10,37,60,20,993/- along with interest @ 10% p.a. with effect from 15.07.2022.
The Resolution Professional filed an application under Section 94(1) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the initiation of the insolvency process due to a default of Rs. 10,37,60,20,993/- along with interest at 10% per annum, effective from 15.07.2022. The applicant proposed Mr. Prabhat Ranjan Singh as the Resolution Professional. The court appointed Mr. Prabhat Ranjan Singh as the Resolution Professional and directed him to submit a report under Section 99 of the IBC. The applicant was also directed to file a fresh AFA within two weeks. The matter was listed for further hearing on 09.01.2024.
Interest on the…
The order was d…