Canara Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Fortune's Sparsh Healthcare Pvt. Ltd. seeking commencement of CIRP, appointment of IRP, and declaration of moratorium.
Canara Bank, the Financial Creditor, filed an application under Section 7 of the IBC against Fortune's Sparsh Healthcare Pvt. Ltd., the Corporate Debtor.
The Corporate Debtor availed credit facilities amounting to Rs. 4,90,00,000/- from the Financial Creditor.
The date of default is stated as 24.08.2022.
The account of the Corporate Debtor was classified as NPA on 22.11.2022.
The Financial Creditor is holding securities including hypothecated assets and charge on immovable properties owned by the Guarantors.
The Corporate Debtor passed a board resolution on 05.03.2022 authorizing the availment of credit facilities.
The Financial Creditor issued a demand notice dated 7th December 2022 to the Corporate Debtor and Guarantors.
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Board resolution passed…
Financial Creditor…
Canara Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Fortune's Sparsh Healthcare Pvt. Ltd. seeking commencement of CIRP, appointment of IRP, and declaration of moratorium.
Canara Bank, the Financial Creditor, filed an application under Section 7 of the IBC against Fortune's Sparsh Healthcare Pvt. Ltd., the Corporate Debtor.
The Corporate Debtor availed credit facilities amounting to Rs. 4,90,00,000/- from the Financial Creditor.
The date of default is stated as 24.08.2022.
The account of the Corporate Debtor was classified as NPA on 22.11.2022.
The Financial Creditor is holding securities including hypothecated assets and charge on immovable properties owned by the Guarantors.
The Corporate Debtor passed a board resolution on 05.03.2022 authorizing the availment of credit facilities.
The Financial Creditor issued a demand notice dated 7th December 2022 to the Corporate Debtor and Guarantors.
…Board resolution passed…
Financial Creditor…