Finquest Financial Solutions Private Limited (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Velex Logistics Private Limited (Corporate Debtor). The application, filed on 03.02.2026, alleged a default of Rs.1,94,43,067/- on a loan disbursed on 26.06.2023, with the date of default being 26.06.2024. Ms. Dipti Narayan Mundra was proposed as the Interim Resolution Professional (IRP).
C.P. (IB) No.99/MB/2026 (Application) was filed on 03.02.2026 by Finquest Financial Solutions Private Limited (Financial Creditor) against Velex Logistics Private Limited (Corporate Debtor).
The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.
The application sought to initiate Corporate Insolvency Resolution Process (CIRP) against Velex Logistics Private Limited.
The application was affirmed by Akash Tiwari, authorised signatory of the Applicant, vide Board Resolution passed on 14.11.2024.
The amount claimed to be in default is Rs.1,94,43,067/-.
The date of default is stated as 26.06.2024.
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Board Resolution passed by Velex Logistics…
Financial Creditor sanctioned an unsecured…
Finquest Financial Solutions Private Limited (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Velex Logistics Private Limited (Corporate Debtor). The application, filed on 03.02.2026, alleged a default of Rs.1,94,43,067/- on a loan disbursed on 26.06.2023, with the date of default being 26.06.2024. Ms. Dipti Narayan Mundra was proposed as the Interim Resolution Professional (IRP).
C.P. (IB) No.99/MB/2026 (Application) was filed on 03.02.2026 by Finquest Financial Solutions Private Limited (Financial Creditor) against Velex Logistics Private Limited (Corporate Debtor).
The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.
The application sought to initiate Corporate Insolvency Resolution Process (CIRP) against Velex Logistics Private Limited.
The application was affirmed by Akash Tiwari, authorised signatory of the Applicant, vide Board Resolution passed on 14.11.2024.
The amount claimed to be in default is Rs.1,94,43,067/-.
The date of default is stated as 26.06.2024.
…Board Resolution passed by Velex Logistics…
Financial Creditor sanctioned an unsecured…