Subir Sengupta, the Financial Creditor, filed a petition under Section 7(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Corroganon India Private Limited, the Corporate Debtor.
The Financial Creditor, Subir Sengupta, filed a petition under Section 7(1) of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Corroganon India Private Limited.
The Corporate Debtor, Corroganon India Private Limited, allegedly defaulted on repaying a loan advanced by the Financial Creditor.
The Financial Creditor claimed to have advanced a loan of ₹25,51,025/- to the Corporate Debtor between 2015 and 2016.
The Corporate Debtor argued that the petition lacked the mandatory requirement of proposing the name of the Interim Resolution Professional.
The Corporate Debtor contended that there was no enforceable loan agreement or contract to demonstrate the advancement of the loan.
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The Corporate Debtor, through Mr. Ayandeep…
A Board Resolution was…
Subir Sengupta, the Financial Creditor, filed a petition under Section 7(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Corroganon India Private Limited, the Corporate Debtor.
The Financial Creditor, Subir Sengupta, filed a petition under Section 7(1) of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Corroganon India Private Limited.
The Corporate Debtor, Corroganon India Private Limited, allegedly defaulted on repaying a loan advanced by the Financial Creditor.
The Financial Creditor claimed to have advanced a loan of ₹25,51,025/- to the Corporate Debtor between 2015 and 2016.
The Corporate Debtor argued that the petition lacked the mandatory requirement of proposing the name of the Interim Resolution Professional.
The Corporate Debtor contended that there was no enforceable loan agreement or contract to demonstrate the advancement of the loan.
…The Corporate Debtor, through Mr. Ayandeep…
A Board Resolution was…