Gactel Turnkey Projects Limited, the Financial Creditor (FC), filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), to initiate Corporate Insolvency Resolution Process (CIRP) against Metropolitan Infrahousing Private Limited, the Corporate Debtor (CD).
The application was filed on 07.04.2025 by Gactel Turnkey Project Limited.
The amount claimed to be in default as on 31.03.2024 is Rs.1,31,88,82,808/-.
The date of default is stated to be 02.10.2024.
The Applicant proposed Mr. Balajee Sumant Chemote as the Interim Resolution Professional (IRP).
The CD had approached the Applicant seeking financial assistance of Rs.50,70,00,000/-.
The principal amount in default is Rs.50,70,00,000/-, and the accrued interest up to 31.03.2024 is Rs. 81,18,82,808/-.
The Financial Creditor itself underwent CIRP, and Mr. Kumar Raghavan was appointed as the Interim Resolution Professional (IRP).
The CD acknowledged the liability towards the outstanding dues vide letter dated 02.09.2024.
The date of default is deemed to be 02.10.2024.
…Sign in to view the parties.
C.P. (IB) No.200/MB/2025 (Application) was…
The Applicant is under…
Gactel Turnkey Projects Limited, the Financial Creditor (FC), filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), to initiate Corporate Insolvency Resolution Process (CIRP) against Metropolitan Infrahousing Private Limited, the Corporate Debtor (CD).
The application was filed on 07.04.2025 by Gactel Turnkey Project Limited.
The amount claimed to be in default as on 31.03.2024 is Rs.1,31,88,82,808/-.
The date of default is stated to be 02.10.2024.
The Applicant proposed Mr. Balajee Sumant Chemote as the Interim Resolution Professional (IRP).
The CD had approached the Applicant seeking financial assistance of Rs.50,70,00,000/-.
The principal amount in default is Rs.50,70,00,000/-, and the accrued interest up to 31.03.2024 is Rs. 81,18,82,808/-.
The Financial Creditor itself underwent CIRP, and Mr. Kumar Raghavan was appointed as the Interim Resolution Professional (IRP).
The CD acknowledged the liability towards the outstanding dues vide letter dated 02.09.2024.
The date of default is deemed to be 02.10.2024.
…C.P. (IB) No.200/MB/2025 (Application) was…
The Applicant is under…