Neuzen Finance Private Limited, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against IVRCL Chandrapur Tollways Limited, the Corporate Debtor, for alleged default in repayment of debt.
The Financial Creditor, Neuzen Finance Private Limited, filed an application under Section 7 of the IBC to initiate CIRP against IVRCL Chandrapur Tollways Limited.
The Corporate Debtor was incorporated on 21.10.2010 under the Companies Act, 1956.
A consortium of lenders, including Bank of India, Central Bank of India, Indian Overseas Bank, and Indian Infrastructure Finance Company Limited, sanctioned a loan amount of Rs 313.99 Crores to the Corporate Debtor under a Common Facility Agreement dated 12.09.2011.
The Lenders appointed IDBI Trusteeship Services Limited as their Security Trustee under a Security Trustee Agreement dated 12.09.2011.
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Corporate Debtor was…
Lenders sanctioned a loan amount of Rs 313.99…
Neuzen Finance Private Limited, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against IVRCL Chandrapur Tollways Limited, the Corporate Debtor, for alleged default in repayment of debt.
The Financial Creditor, Neuzen Finance Private Limited, filed an application under Section 7 of the IBC to initiate CIRP against IVRCL Chandrapur Tollways Limited.
The Corporate Debtor was incorporated on 21.10.2010 under the Companies Act, 1956.
A consortium of lenders, including Bank of India, Central Bank of India, Indian Overseas Bank, and Indian Infrastructure Finance Company Limited, sanctioned a loan amount of Rs 313.99 Crores to the Corporate Debtor under a Common Facility Agreement dated 12.09.2011.
The Lenders appointed IDBI Trusteeship Services Limited as their Security Trustee under a Security Trustee Agreement dated 12.09.2011.
…Corporate Debtor was…
Lenders sanctioned a loan amount of Rs 313.99…