State Bank of India (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Infutec Healthcare Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor had availed various credit facilities, defaulted on repayments, and its account was classified as a Non-Performing Asset (NPA). A restructuring plan was approved, but the Corporate Debtor subsequently failed to comply with the revised repayment obligations, leading to the termination of the plan and a fresh default.
C.P. (IB) No.1090/MB/2025 was filed on 01.09.2025 by State Bank of India (Financial Creditor) under Section 7 of the IBC against Infutec Healthcare Limited (Corporate Debtor).
The application was affirmed by Mr. Dheeraj Kumar, an authorised signatory of the Applicant, vide Letter of Authority dated 08.01.2025.
The amount claimed to be in default is Rs.85,13,89,351.55/- as per Part IV of the Application.
The date of default is stated as 25.10.2022, following the termination of a restructuring plan.
The Corporate Debtor's account was classified as NPA with effect from 24.09.2020.
Mr. Purusottam Behera, an Insolvency Professional, was proposed to act as the Interim Resolution Professional (IRP).
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The Financial Creditor initially…
The Corporate Debtor executed various…
State Bank of India (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Infutec Healthcare Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor had availed various credit facilities, defaulted on repayments, and its account was classified as a Non-Performing Asset (NPA). A restructuring plan was approved, but the Corporate Debtor subsequently failed to comply with the revised repayment obligations, leading to the termination of the plan and a fresh default.
C.P. (IB) No.1090/MB/2025 was filed on 01.09.2025 by State Bank of India (Financial Creditor) under Section 7 of the IBC against Infutec Healthcare Limited (Corporate Debtor).
The application was affirmed by Mr. Dheeraj Kumar, an authorised signatory of the Applicant, vide Letter of Authority dated 08.01.2025.
The amount claimed to be in default is Rs.85,13,89,351.55/- as per Part IV of the Application.
The date of default is stated as 25.10.2022, following the termination of a restructuring plan.
The Corporate Debtor's account was classified as NPA with effect from 24.09.2020.
Mr. Purusottam Behera, an Insolvency Professional, was proposed to act as the Interim Resolution Professional (IRP).
…The Financial Creditor initially…
The Corporate Debtor executed various…