Wonderdream Developers Private Limited filed an application under Section 7 of the IBC to initiate CIRP against Findeal Investments Private Limited due to a default on a short-term loan agreement.
Wonderdream Developers Private Limited (Financial Creditor) filed an application under Section 7 of the IBC to initiate CIRP against Findeal Investments Private Limited (Corporate Debtor).
The Financial Creditor disbursed Rs. 17,26,00,000/- to the Corporate Debtor between 11.10.2023 and 01.02.2024, out of a sanctioned amount of Rs. 18,00,00,000/-.
The Corporate Debtor defaulted on the repayment of the loan, with the date of default stated as 31.12.2024.
The outstanding amount claimed in default is Rs. 21,06,19,288/-, including interest.
The Corporate Debtor admitted to receiving the financial assistance and acknowledged the outstanding amount as payable but cited financial difficulties due to COVID-19 and stock market losses.
…Sign in to view the parties.
Short-Term Loan Agreement executed between…
Wonderdream Developers…
Wonderdream Developers Private Limited filed an application under Section 7 of the IBC to initiate CIRP against Findeal Investments Private Limited due to a default on a short-term loan agreement.
Wonderdream Developers Private Limited (Financial Creditor) filed an application under Section 7 of the IBC to initiate CIRP against Findeal Investments Private Limited (Corporate Debtor).
The Financial Creditor disbursed Rs. 17,26,00,000/- to the Corporate Debtor between 11.10.2023 and 01.02.2024, out of a sanctioned amount of Rs. 18,00,00,000/-.
The Corporate Debtor defaulted on the repayment of the loan, with the date of default stated as 31.12.2024.
The outstanding amount claimed in default is Rs. 21,06,19,288/-, including interest.
The Corporate Debtor admitted to receiving the financial assistance and acknowledged the outstanding amount as payable but cited financial difficulties due to COVID-19 and stock market losses.
…Short-Term Loan Agreement executed between…
Wonderdream Developers…