Punjab National Bank filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Damani Infracon Private Limited, the Corporate Debtor.
Punjab National Bank, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Damani Infracon Private Limited.
The Corporate Debtor was incorporated on 05.03.2007.
The Corporate Debtor is the Corporate Guarantor of Aristo Texcon Private Limited, the Principal Borrower.
The Financial Creditor disbursed a Cash Credit of Rs.9,00,00,000/- on 24 February 2015.
The account became a non-performing asset (NPA) on 31.03.2018, with the Date of Default on 12 April 2018 and 09 May 2018.
The Financial Creditor has proposed the name of Mr. Kanchan Dutta as the Interim Resolution Professional of the Corporate Debtor.
…Sign in to view the parties.
The present petition was…
Order reserved…
Punjab National Bank filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Damani Infracon Private Limited, the Corporate Debtor.
Punjab National Bank, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Damani Infracon Private Limited.
The Corporate Debtor was incorporated on 05.03.2007.
The Corporate Debtor is the Corporate Guarantor of Aristo Texcon Private Limited, the Principal Borrower.
The Financial Creditor disbursed a Cash Credit of Rs.9,00,00,000/- on 24 February 2015.
The account became a non-performing asset (NPA) on 31.03.2018, with the Date of Default on 12 April 2018 and 09 May 2018.
The Financial Creditor has proposed the name of Mr. Kanchan Dutta as the Interim Resolution Professional of the Corporate Debtor.
…The present petition was…
Order reserved…