The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by IL & FS Financial Services Limited ('Financial Creditor/Applicant'), seeking initiation of the Corporate Insolvency Resolution Process (‘CIRP') against M/s Chakradhari Properties Private Limited (‘Corporate Debtor/Respondent'). The Financial Creditor seeks to initiate CIRP against the Corporate Debtor for defaulting on a payment of Rs. 234,35,74,411/-.
IL & FS Financial Services Limited ('Financial Creditor/Applicant') filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (‘CIRP') against M/s Chakradhari Properties Private Limited (‘Corporate Debtor/Respondent').
The Corporate Debtor i.e., M/s Chakradhari Properties Private Limited was incorporated on 31.10.2005.
The present application was filed on 06.08.2025 before this Adjudicating Authority on the ground that the Corporate Debtor has defaulted to make a payment of a sum of Rs. 234,35,74,411/-.
The Respondent is a Corporate Guarantor to the Principal Borrower i.e., M/s Ansal Properties and Infrastructure Limited.
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M/s Chakradhari…
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The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by IL & FS Financial Services Limited ('Financial Creditor/Applicant'), seeking initiation of the Corporate Insolvency Resolution Process (‘CIRP') against M/s Chakradhari Properties Private Limited (‘Corporate Debtor/Respondent'). The Financial Creditor seeks to initiate CIRP against the Corporate Debtor for defaulting on a payment of Rs. 234,35,74,411/-.
IL & FS Financial Services Limited ('Financial Creditor/Applicant') filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (‘CIRP') against M/s Chakradhari Properties Private Limited (‘Corporate Debtor/Respondent').
The Corporate Debtor i.e., M/s Chakradhari Properties Private Limited was incorporated on 31.10.2005.
The present application was filed on 06.08.2025 before this Adjudicating Authority on the ground that the Corporate Debtor has defaulted to make a payment of a sum of Rs. 234,35,74,411/-.
The Respondent is a Corporate Guarantor to the Principal Borrower i.e., M/s Ansal Properties and Infrastructure Limited.
…M/s Chakradhari…
Applicant had granted a term loan facility of…
Sign in to view related legal provisions.