Pegasus Assets Reconstruction Private Limited, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against DEE Plone Polyster Pvt Ltd, the Corporate Debtor, due to a default of Rs. 37,35,74,442.07.
Pegasus Assets Reconstruction Private Limited filed an application under Section 7 of the IBC to initiate CIRP against DEE Plone Polyster Pvt Ltd.
The total amount claimed to be in default is Rs. 37,35,74,442.07.
The Dombivli Nagari Sahakari Bank Ltd. assigned the debt and all associated security rights to Pegasus ARC through a registered Assignment Deed dated 31.12.2020.
The Corporate Debtor defaulted in repayment, and the loan account was classified as NPA on 31.03.2018 by DNS Bank.
The Corporate Debtor acknowledged the outstanding debt in its audited balance sheets for FY 2018-19, 2019-20, and 2020-21, and in an email dated 16.02.2024.
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Pegasus Assets Reconstruction Private Limited…
Dombivli Nagari Sahakari Bank Ltd. assigned the…
Pegasus Assets Reconstruction Private Limited, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against DEE Plone Polyster Pvt Ltd, the Corporate Debtor, due to a default of Rs. 37,35,74,442.07.
Pegasus Assets Reconstruction Private Limited filed an application under Section 7 of the IBC to initiate CIRP against DEE Plone Polyster Pvt Ltd.
The total amount claimed to be in default is Rs. 37,35,74,442.07.
The Dombivli Nagari Sahakari Bank Ltd. assigned the debt and all associated security rights to Pegasus ARC through a registered Assignment Deed dated 31.12.2020.
The Corporate Debtor defaulted in repayment, and the loan account was classified as NPA on 31.03.2018 by DNS Bank.
The Corporate Debtor acknowledged the outstanding debt in its audited balance sheets for FY 2018-19, 2019-20, and 2020-21, and in an email dated 16.02.2024.
…Pegasus Assets Reconstruction Private Limited…
Dombivli Nagari Sahakari Bank Ltd. assigned the…