Edelweiss Asset Reconstruction Company Ltd, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against ITMC Developers Private Limited, the Corporate Debtor. The application was filed on 25.02.2025.
The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The Financial Creditor is Edelweiss Asset Reconstruction Company Ltd.
The Corporate Debtor is ITMC Developers Private Limited.
The date of default is 29.11.2019.
The amount of default claimed is Rs 4,46,27,15,167/-.
The Applicant had previously filed a Company Petition (IB) No. 584 of 2024 against the Corporate Debtor, which was withdrawn with liberty to file a fresh application.
The Corporate Debtor acknowledged the financial debt in its audited financial statement for the Financial Year 2020-21 dated 21.11.2021.
The Applicant issued a recall cum invocation of guarantee notice dated 08.10.2021 for Term Loan facility to Corporate Debtor and Guarantors.
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C.P. (IB) No.736/MB/2025 (Application) was…
The date of de…
Edelweiss Asset Reconstruction Company Ltd, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against ITMC Developers Private Limited, the Corporate Debtor. The application was filed on 25.02.2025.
The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The Financial Creditor is Edelweiss Asset Reconstruction Company Ltd.
The Corporate Debtor is ITMC Developers Private Limited.
The date of default is 29.11.2019.
The amount of default claimed is Rs 4,46,27,15,167/-.
The Applicant had previously filed a Company Petition (IB) No. 584 of 2024 against the Corporate Debtor, which was withdrawn with liberty to file a fresh application.
The Corporate Debtor acknowledged the financial debt in its audited financial statement for the Financial Year 2020-21 dated 21.11.2021.
The Applicant issued a recall cum invocation of guarantee notice dated 08.10.2021 for Term Loan facility to Corporate Debtor and Guarantors.
…C.P. (IB) No.736/MB/2025 (Application) was…
The date of de…