APRN Enterprises Private Limited, the Financial Creditor (FC), filed C.P. (IB) No. 732 of 2025 under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Marveledge Realtors Private Limited, the Corporate Debtor (CD). The application is based on a default of Rs.2,26,89,17,589/- as of 31.05.2025, arising from an Inter Corporate Deposit Agreement dated 10.02.2017.
APRN Enterprises Private Limited (Financial Creditor) filed C.P. (IB) No. 732 of 2025 against Marveledge Realtors Private Limited (Corporate Debtor) under Section 7 of the IBC.
The application is based on a default of Rs.2,26,89,17,589/- as of 31.05.2025, arising from an Inter Corporate Deposit Agreement dated 10.02.2017.
The Corporate Debtor (CD) argued that the debt was time-barred and that the petition was barred by res judicata due to a previously withdrawn petition.
A Settlement Agreement dated 20.01.2025 was entered into between the parties, with the CD undertaking to repay the outstanding dues by 28.02.2025.
Clause 6 of the Settlement Agreement stipulated that upon breach of the agreement, the original loan obligations would revive.
…Sign in to view the parties.
Inter-Corporate Deposit Agreement was signed…
A recall notice was…
APRN Enterprises Private Limited, the Financial Creditor (FC), filed C.P. (IB) No. 732 of 2025 under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Marveledge Realtors Private Limited, the Corporate Debtor (CD). The application is based on a default of Rs.2,26,89,17,589/- as of 31.05.2025, arising from an Inter Corporate Deposit Agreement dated 10.02.2017.
APRN Enterprises Private Limited (Financial Creditor) filed C.P. (IB) No. 732 of 2025 against Marveledge Realtors Private Limited (Corporate Debtor) under Section 7 of the IBC.
The application is based on a default of Rs.2,26,89,17,589/- as of 31.05.2025, arising from an Inter Corporate Deposit Agreement dated 10.02.2017.
The Corporate Debtor (CD) argued that the debt was time-barred and that the petition was barred by res judicata due to a previously withdrawn petition.
A Settlement Agreement dated 20.01.2025 was entered into between the parties, with the CD undertaking to repay the outstanding dues by 28.02.2025.
Clause 6 of the Settlement Agreement stipulated that upon breach of the agreement, the original loan obligations would revive.
…Inter-Corporate Deposit Agreement was signed…
A recall notice was…