Reliance Unicorn Enterprises Private Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Big Flicks Private Limited, seeking commencement of CIRP, appointment of IRP, and declaration of moratorium.
Reliance Unicorn Enterprises Private Limited filed a petition against Big Flicks Private Limited under Section 7 of the IBC.
The amount claimed to be in default is Rs. 19,02,14,743/- including interest at 13% per annum.
The date of default stated by the Petitioner is 27.11.2018.
The Corporate Debtor availed a loan for working capital facility from the Financial Creditor pursuant to an Inter Corporate Deposit Facility Agreement dated 27.09.2017, for Rs. 1,45,64,00,000/- at 13% interest.
The Corporate Debtor made repayments totaling Rs. 1,45,19,45,524/-.
The Corporate Debtor confirmed the amounts due and payable in a letter dated 07.10.2021.
The Financial Creditor issued loan recall notices dated 30.09.2023, 30.11.2023, and 31.01.2024.
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Inter Corporate Deposit Facility Agreement was…
The date of d…
Reliance Unicorn Enterprises Private Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Big Flicks Private Limited, seeking commencement of CIRP, appointment of IRP, and declaration of moratorium.
Reliance Unicorn Enterprises Private Limited filed a petition against Big Flicks Private Limited under Section 7 of the IBC.
The amount claimed to be in default is Rs. 19,02,14,743/- including interest at 13% per annum.
The date of default stated by the Petitioner is 27.11.2018.
The Corporate Debtor availed a loan for working capital facility from the Financial Creditor pursuant to an Inter Corporate Deposit Facility Agreement dated 27.09.2017, for Rs. 1,45,64,00,000/- at 13% interest.
The Corporate Debtor made repayments totaling Rs. 1,45,19,45,524/-.
The Corporate Debtor confirmed the amounts due and payable in a letter dated 07.10.2021.
The Financial Creditor issued loan recall notices dated 30.09.2023, 30.11.2023, and 31.01.2024.
…Inter Corporate Deposit Facility Agreement was…
The date of d…