SREI Equipment Finance Limited (Financial Creditor) initiated a Corporate Insolvency Resolution Process (CIRP) against SRK Infracon (India) Private Limited (Corporate Debtor) by filing an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor had initially obtained term loans totaling Rs. 44,00,00,000/- from the Financial Creditor, secured by heavy-duty vehicles, for infrastructure projects. Following an initial default, the debt was restructured to Rs. 53,02,61,349/- through an Addendum Sanction Letter dated May 18, 2023, and an Amendatory and Supplemental Agreement dated June 1, 2023. However, the Corporate Debtor subsequently defaulted on these revised repayment terms. The Financial Creditor issued multiple cure and demand

SREI Equipment Finance Limited (Financial Creditor) initiated a Corporate Insolvency Resolution Process (CIRP) against SRK Infracon (India) Private Limited (Corporate Debtor) by filing an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor had initially obtained term loans totaling Rs. 44,00,00,000/- from the Financial Creditor, secured by heavy-duty vehicles, for infrastructure projects. Following an initial default, the debt was restructured to Rs. 53,02,61,349/- through an Addendum Sanction Letter dated May 18, 2023, and an Amendatory and Supplemental Agreement dated June 1, 2023. However, the Corporate Debtor subsequently defaulted on these revised repayment terms. The Financial Creditor issued multiple cure and demand