Opus Software Solutions Private Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Krishna Kanhaiya Milk Processing Private Limited, the Corporate Debtor (CD). The application pertains to a default on an Inter-Corporate Deposit (ICD) agreement.
Opus Software Solutions Private Limited (Financial Creditor) filed an application under Section 7 of the IBC to initiate CIRP against Krishna Kanhaiya Milk Processing Private Limited (Corporate Debtor).
The application was filed on 28.02.2025.
The Corporate Debtor approached the Applicant for a loan of Rs.3,00,00,000/- by way of Inter-Corporate Deposit (ICD).
An ICD Agreement was entered into on 22.07.2020, and Rs.3,00,00,000/- was disbursed on 28.07.2020.
The loan was repayable within 6 months from the Disbursement Date, with interest at 12% p.a., making the repayment due on 28.01.2021.
The Corporate Debtor made a partial payment of Rs.1,00,00,000/- on 12.02.2021.
…Sign in to view the parties.
Inter-Corporate Loan Agreement dated 22.07.2020…
Rs.3,00,00,000/-…
Opus Software Solutions Private Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Krishna Kanhaiya Milk Processing Private Limited, the Corporate Debtor (CD). The application pertains to a default on an Inter-Corporate Deposit (ICD) agreement.
Opus Software Solutions Private Limited (Financial Creditor) filed an application under Section 7 of the IBC to initiate CIRP against Krishna Kanhaiya Milk Processing Private Limited (Corporate Debtor).
The application was filed on 28.02.2025.
The Corporate Debtor approached the Applicant for a loan of Rs.3,00,00,000/- by way of Inter-Corporate Deposit (ICD).
An ICD Agreement was entered into on 22.07.2020, and Rs.3,00,00,000/- was disbursed on 28.07.2020.
The loan was repayable within 6 months from the Disbursement Date, with interest at 12% p.a., making the repayment due on 28.01.2021.
The Corporate Debtor made a partial payment of Rs.1,00,00,000/- on 12.02.2021.
…Inter-Corporate Loan Agreement dated 22.07.2020…
Rs.3,00,00,000/-…