Bank of Baroda filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against C-NET INFOTECH PVT. LTD., the corporate guarantor of C-Net Digital Pvt. Ltd.
Bank of Baroda filed an application under Section 7 of the IBC against C-NET INFOTECH PVT. LTD.
C-NET INFOTECH PVT. LTD. is the corporate guarantor for C-Net Digital Pvt. Ltd.
The Financial Creditor had sanctioned various credit facilities to C-Net Digital Pvt. Ltd. aggregating ₹1,10,36,000.
The total outstanding amount as on 19.02.2024 stood at ₹1,37,71,961.
The loan account was classified as a Non-Performing Asset on 27.11.2020.
The Respondent filed a reply raising objections, including limitation and protection under Section 10A of the IBC.
The Applicant moved IA No. 74 (MP)/2025 seeking amendment of the petition with respect to the date of default.
The Tribunal allowed the amendment application.
The Respondent preferred a Review Application, which was dismissed.
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Vijaya Bank sanctioned first secured term loan…
Loan account classified…
Bank of Baroda filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against C-NET INFOTECH PVT. LTD., the corporate guarantor of C-Net Digital Pvt. Ltd.
Bank of Baroda filed an application under Section 7 of the IBC against C-NET INFOTECH PVT. LTD.
C-NET INFOTECH PVT. LTD. is the corporate guarantor for C-Net Digital Pvt. Ltd.
The Financial Creditor had sanctioned various credit facilities to C-Net Digital Pvt. Ltd. aggregating ₹1,10,36,000.
The total outstanding amount as on 19.02.2024 stood at ₹1,37,71,961.
The loan account was classified as a Non-Performing Asset on 27.11.2020.
The Respondent filed a reply raising objections, including limitation and protection under Section 10A of the IBC.
The Applicant moved IA No. 74 (MP)/2025 seeking amendment of the petition with respect to the date of default.
The Tribunal allowed the amendment application.
The Respondent preferred a Review Application, which was dismissed.
…Vijaya Bank sanctioned first secured term loan…
Loan account classified…