State Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Lily Jewellery Private Limited.
State Bank of India filed C.P. (IB) No.476/MB/2025 on 12.08.2024 under Section 7 of the IBC against Lily Jewellery Private Limited.
The applicant, State Bank of India, claimed a total default amount of Rs. 100,35,44,847.42/-.
The corporate debtor, Lily Jewellery Private Limited, was engaged in jewellery manufacturing and export business.
The account of the corporate debtor was declared NPA on 01.02.2014.
The date of default was mentioned as 29.07.2021, based on the Decree cum Recovery Certificate issued by DRT-I, Mumbai.
The applicant proposed the name of Mr. Mukesh Khathuria as the Interim Resolution Professional (IRP).
The Tribunal directed the applicant to deposit Rs. 3,00,000/- with the IRP to meet the initial CIRP costs.
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State Bank of India…
The account of the…
State Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Lily Jewellery Private Limited.
State Bank of India filed C.P. (IB) No.476/MB/2025 on 12.08.2024 under Section 7 of the IBC against Lily Jewellery Private Limited.
The applicant, State Bank of India, claimed a total default amount of Rs. 100,35,44,847.42/-.
The corporate debtor, Lily Jewellery Private Limited, was engaged in jewellery manufacturing and export business.
The account of the corporate debtor was declared NPA on 01.02.2014.
The date of default was mentioned as 29.07.2021, based on the Decree cum Recovery Certificate issued by DRT-I, Mumbai.
The applicant proposed the name of Mr. Mukesh Khathuria as the Interim Resolution Professional (IRP).
The Tribunal directed the applicant to deposit Rs. 3,00,000/- with the IRP to meet the initial CIRP costs.
State Bank of India…
The account of the…