Creative Ashtech Engineering Projects Private Limited filed an application under Section 7 of the IBC, 2016, seeking initiation of CIRP against ROEVPL Ventures Private Limited, the Corporate Debtor, due to a default on debentures.
Creative Ashtech Engineering Projects Private Limited (Financial Creditor) filed an application under Section 7 of the IBC against ROEVPL Ventures Private Limited (Corporate Debtor).
The amount claimed to be in default is Rs.1,33,88,18,082/- as on 01.12.2024, including principal and interest.
The Applicant (Financial Creditor) proposed NPV Insolvency Professionals Private Limited to act as the Interim Resolution Professional (IRP).
AAA Vibgyor Entertainment Private Limited (AVEPL) issued debentures to raise funds, which were later subscribed to by Edico Ventures Private Limited.
The Financial Creditor advanced amounts to Edico, who assigned the debentures issued by AVEPL to the Financial Creditor.
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C.P. (IB) No. 176 of 2025 (Application) was…
Order pronounce…
Creative Ashtech Engineering Projects Private Limited filed an application under Section 7 of the IBC, 2016, seeking initiation of CIRP against ROEVPL Ventures Private Limited, the Corporate Debtor, due to a default on debentures.
Creative Ashtech Engineering Projects Private Limited (Financial Creditor) filed an application under Section 7 of the IBC against ROEVPL Ventures Private Limited (Corporate Debtor).
The amount claimed to be in default is Rs.1,33,88,18,082/- as on 01.12.2024, including principal and interest.
The Applicant (Financial Creditor) proposed NPV Insolvency Professionals Private Limited to act as the Interim Resolution Professional (IRP).
AAA Vibgyor Entertainment Private Limited (AVEPL) issued debentures to raise funds, which were later subscribed to by Edico Ventures Private Limited.
The Financial Creditor advanced amounts to Edico, who assigned the debentures issued by AVEPL to the Financial Creditor.
…C.P. (IB) No. 176 of 2025 (Application) was…
Order pronounce…