SREI Equipment Finance Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Attivo Economic Zone (Kolkata) Private Limited, seeking to initiate Corporate Insolvency Resolution Process (CIRP).
SREI Equipment Finance Limited sanctioned a Rupee Loan Facility of ₹180 crore to Attivo Economic Zone (Kolkata) Private Limited.
A Rupee Loan Agreement was executed between the parties on 19th March 2014.
The Corporate Debtor was required to pay interest as specified in Clause 2.7 and Schedule I of the Rupee Loan Agreement.
The Corporate Debtor created a mortgage and/or first exclusive charge over various immovable properties by depositing original title deeds.
The Corporate Debtor requested modifications to the repayment schedule, which were approved by SIFL.
The Corporate Debtor failed to make the due payment on 30th June 2023, breaching its repayment obligations.
CIRP was initiated against SIFL and SEFL, and Mr. Rajneesh Sharma was appointed as Administrator.
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Rupee Loan Agreement was executed between…
Corporate Debtor created a mortgage and/or…
SREI Equipment Finance Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Attivo Economic Zone (Kolkata) Private Limited, seeking to initiate Corporate Insolvency Resolution Process (CIRP).
SREI Equipment Finance Limited sanctioned a Rupee Loan Facility of ₹180 crore to Attivo Economic Zone (Kolkata) Private Limited.
A Rupee Loan Agreement was executed between the parties on 19th March 2014.
The Corporate Debtor was required to pay interest as specified in Clause 2.7 and Schedule I of the Rupee Loan Agreement.
The Corporate Debtor created a mortgage and/or first exclusive charge over various immovable properties by depositing original title deeds.
The Corporate Debtor requested modifications to the repayment schedule, which were approved by SIFL.
The Corporate Debtor failed to make the due payment on 30th June 2023, breaching its repayment obligations.
CIRP was initiated against SIFL and SEFL, and Mr. Rajneesh Sharma was appointed as Administrator.
…Rupee Loan Agreement was executed between…
Corporate Debtor created a mortgage and/or…