J.C. Flowers Asset Reconstruction Private Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Smaaash Leisure Limited, the Corporate Debtor (CD). The application pertains to a default in interest payment post the Section 10A period.
J.C. Flowers Asset Reconstruction Private Limited filed CP (IB) No.698/MB/2025 under Section 7 of the IBC to initiate CIRP against M/s Smaaash Leisure Limited.
The Applicant is a Financial Creditor and an Asset Reconstruction Company registered with the Reserve Bank of India (RBI).
M/s Smaaash Leisure Limited (formerly known as PVR BLUO Entertainment Limited) is the Corporate Debtor.
The Corporate Debtor had availed loan facilities from Yes Bank, which were later assigned to the Applicant.
The Corporate Debtor defaulted on its repayment obligations, leading to the issuance of a loan recall notice by the Assignor Bank.
The Corporate Debtor availed moratorium benefits due to the COVID-19 pandemic, and the overdue interest was converted into a Funded Interest Term Loan (FITL).
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C.P. (IB) No.698/MB/2025…
The case was first listed, and the Tribunal…
J.C. Flowers Asset Reconstruction Private Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Smaaash Leisure Limited, the Corporate Debtor (CD). The application pertains to a default in interest payment post the Section 10A period.
J.C. Flowers Asset Reconstruction Private Limited filed CP (IB) No.698/MB/2025 under Section 7 of the IBC to initiate CIRP against M/s Smaaash Leisure Limited.
The Applicant is a Financial Creditor and an Asset Reconstruction Company registered with the Reserve Bank of India (RBI).
M/s Smaaash Leisure Limited (formerly known as PVR BLUO Entertainment Limited) is the Corporate Debtor.
The Corporate Debtor had availed loan facilities from Yes Bank, which were later assigned to the Applicant.
The Corporate Debtor defaulted on its repayment obligations, leading to the issuance of a loan recall notice by the Assignor Bank.
The Corporate Debtor availed moratorium benefits due to the COVID-19 pandemic, and the overdue interest was converted into a Funded Interest Term Loan (FITL).
…C.P. (IB) No.698/MB/2025…
The case was first listed, and the Tribunal…