Vrushvik Entertainment Private Limited, the Financial Creditor/Applicant, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Filoura Big Broadcasting Private Limited, the Corporate Debtor, due to a default on a loan.
Vrushvik Entertainment Private Limited filed an application under Section 7 of the IBC to initiate CIRP against Filoura Big Broadcasting Private Limited.
The application was filed on 09.01.2025.
The total amount claimed to be in default is Rs. 1,11,71,770/- including principal and interest.
The principal amount of the loan is Rs. 84,00,000/-.
The date of default is mentioned as 15.06.2024.
The Corporate Debtor approached the Applicant for a corporate loan in 2022.
A Term Sheet dated 01.02.2022 recorded the terms and conditions of the loan, including an interest rate of 12% per annum.
The Applicant advanced Rs. 84,00,000/- in two tranches on 25.02.2022 and 16.03.2022.
The Corporate Debtor acknowledged the loan in its Audited Financial Statements for the year ending 31.03.2023.
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Application bearing C.P.(IB) No.334/MB/2025…
An amount of Rs.…
Vrushvik Entertainment Private Limited, the Financial Creditor/Applicant, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Filoura Big Broadcasting Private Limited, the Corporate Debtor, due to a default on a loan.
Vrushvik Entertainment Private Limited filed an application under Section 7 of the IBC to initiate CIRP against Filoura Big Broadcasting Private Limited.
The application was filed on 09.01.2025.
The total amount claimed to be in default is Rs. 1,11,71,770/- including principal and interest.
The principal amount of the loan is Rs. 84,00,000/-.
The date of default is mentioned as 15.06.2024.
The Corporate Debtor approached the Applicant for a corporate loan in 2022.
A Term Sheet dated 01.02.2022 recorded the terms and conditions of the loan, including an interest rate of 12% per annum.
The Applicant advanced Rs. 84,00,000/- in two tranches on 25.02.2022 and 16.03.2022.
The Corporate Debtor acknowledged the loan in its Audited Financial Statements for the year ending 31.03.2023.
…Application bearing C.P.(IB) No.334/MB/2025…
An amount of Rs.…