Bank of India Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Borivali Healthcare Private Limited, seeking initiation of Corporate Insolvency Resolution Process (CIRP).
Bank of India Limited filed a petition under Section 7 of the IBC against Borivali Healthcare Private Limited.
The Corporate Debtor, Borivali Healthcare Pvt. Ltd., had CIN No. U85300MH2022PTC374757 and was incorporated on 12.12.2022.
The Corporate Debtor was sanctioned aggregate credit limits of INR 10.45 crores by Bank of India Ltd.
The Corporate Debtor failed to honor the repayment commitment, leading to the account being classified as NPA w.e.f. 29.05.2024.
The total amount in default and payable by the Corporate Debtor to the Financial Creditor as on 04.09.2025 is Rs. 10,91,58,291/-.
The date of default is stated to be 31.07.2024.
The Corporate Debtor filed an affidavit admitting the debt and default and requesting the Tribunal to admit the Corporate Debtor to insolvency.
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The Corporate Debtor,…
Initially, the credit facilities were…
Bank of India Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Borivali Healthcare Private Limited, seeking initiation of Corporate Insolvency Resolution Process (CIRP).
Bank of India Limited filed a petition under Section 7 of the IBC against Borivali Healthcare Private Limited.
The Corporate Debtor, Borivali Healthcare Pvt. Ltd., had CIN No. U85300MH2022PTC374757 and was incorporated on 12.12.2022.
The Corporate Debtor was sanctioned aggregate credit limits of INR 10.45 crores by Bank of India Ltd.
The Corporate Debtor failed to honor the repayment commitment, leading to the account being classified as NPA w.e.f. 29.05.2024.
The total amount in default and payable by the Corporate Debtor to the Financial Creditor as on 04.09.2025 is Rs. 10,91,58,291/-.
The date of default is stated to be 31.07.2024.
The Corporate Debtor filed an affidavit admitting the debt and default and requesting the Tribunal to admit the Corporate Debtor to insolvency.
…The Corporate Debtor,…
Initially, the credit facilities were…