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 the Corporate Insolvency Resolution Process (CIRP). The applicant claimed that the corporate debtor had defaulted on its financial obligations.
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 date of default is stated to be 31.07.2024.
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 Corporate Debtor has not denied the existence of debt and default.
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 date of default as…
The account has been classified as NPA w.e.f.…
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 the Corporate Insolvency Resolution Process (CIRP). The applicant claimed that the corporate debtor had defaulted on its financial obligations.
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 date of default is stated to be 31.07.2024.
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 Corporate Debtor has not denied the existence of debt and default.
The Corporate Debtor filed an affidavit admitting the debt and default and requesting the Tribunal to admit the Corporate Debtor to insolvency.
The date of default as…
The account has been classified as NPA w.e.f.…