Catalyst Trusteeship Limited filed an application under Section 7 of the IBC, 2016 against Neelkanth Realtors Limited, claiming default on NCDs and OFCDs. The Corporate Debtor opposed the application, alleging malafide intentions and disputing the default.
Catalyst Trusteeship Limited filed an application under Section 7 of the IBC, 2016 against Neelkanth Realtors Limited.
The application pertains to defaults on Non-Convertible Debentures (NCDs) and Optionally Fully Convertible Debentures (OFCDs).
The date of default is mentioned as 01.05.2025 for NCD and 02.05.2025 for the OFCD.
The applicant is claiming an amount of Rs. 2,24,06,06,675 towards the NCD and a sum of Rs. 25,90,66,449/- towards the OFCD.
The Corporate Debtor issued 1760 debentures of face value INR 10,00,000 each, in two tranches of Series I: Rs. 163,00,00,000 and Series II: Rs. 13,00,00,000.
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Debenture Trust Deed dated 19.04.2022 entered…
An in-principle NOC for IPO was issued on…
Catalyst Trusteeship Limited filed an application under Section 7 of the IBC, 2016 against Neelkanth Realtors Limited, claiming default on NCDs and OFCDs. The Corporate Debtor opposed the application, alleging malafide intentions and disputing the default.
Catalyst Trusteeship Limited filed an application under Section 7 of the IBC, 2016 against Neelkanth Realtors Limited.
The application pertains to defaults on Non-Convertible Debentures (NCDs) and Optionally Fully Convertible Debentures (OFCDs).
The date of default is mentioned as 01.05.2025 for NCD and 02.05.2025 for the OFCD.
The applicant is claiming an amount of Rs. 2,24,06,06,675 towards the NCD and a sum of Rs. 25,90,66,449/- towards the OFCD.
The Corporate Debtor issued 1760 debentures of face value INR 10,00,000 each, in two tranches of Series I: Rs. 163,00,00,000 and Series II: Rs. 13,00,00,000.
…Debenture Trust Deed dated 19.04.2022 entered…
An in-principle NOC for IPO was issued on…