JM Financial Credit Solutions Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against HEM Infrastructure and Property Developers Pvt. Ltd. for their inability to pay an outstanding amount of Rs. 242,82,00,969/-. The Financial Creditor and the Corporate Debtor entered into multiple loan agreements, and the Corporate Debtor provided corporate guarantees to secure the loans.
JM Financial Credit Solutions Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against HEM Infrastructure and Property Developers Pvt. Ltd.
The outstanding amount claimed by the Financial Creditor is Rs. 242,82,00,969/-.
The Financial Creditor entered into 6 loan agreements with M/s. HEM Bhattad, with loan facilities aggregating to Rs. 288,20,00,000/-.
The Corporate Debtor executed corporate guarantees in favor of the Financial Creditor to secure the loan facilities.
The Borrower defaulted on payment of installments and interest from January 2023.
The Financial Creditor classified the loan accounts as Non-Performing Asset (NPA) on 01.05.2023.
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Dated 14.12.2…
Dated 31.07.2…
JM Financial Credit Solutions Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against HEM Infrastructure and Property Developers Pvt. Ltd. for their inability to pay an outstanding amount of Rs. 242,82,00,969/-. The Financial Creditor and the Corporate Debtor entered into multiple loan agreements, and the Corporate Debtor provided corporate guarantees to secure the loans.
JM Financial Credit Solutions Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against HEM Infrastructure and Property Developers Pvt. Ltd.
The outstanding amount claimed by the Financial Creditor is Rs. 242,82,00,969/-.
The Financial Creditor entered into 6 loan agreements with M/s. HEM Bhattad, with loan facilities aggregating to Rs. 288,20,00,000/-.
The Corporate Debtor executed corporate guarantees in favor of the Financial Creditor to secure the loan facilities.
The Borrower defaulted on payment of installments and interest from January 2023.
The Financial Creditor classified the loan accounts as Non-Performing Asset (NPA) on 01.05.2023.
…Dated 14.12.2…
Dated 31.07.2…