IDBI Bank Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Wind World (India) Infrastructure Private Limited due to a default amount of Rs. 55,19,28,246.50/-.
IDBI Bank Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Wind World (India) Infrastructure Private Limited.
The default amount was Rs. 55,19,28,246.50/- as of May 29, 2018.
Wind World India Ltd. (WWIL), the holding company of the Corporate Debtor, is already undergoing CIRP initiated on February 20, 2018.
The Corporate Debtor approached the Petitioner for credit facilities in June 2012 to finance a substation and transmission line project.
The Financial Creditor sanctioned a Term Loan of Rs. 65 Crores with an inner limit of Rs. 50 Crores for LC/LoU for BC to the Corporate Debtor via Sanction letter dated June 28, 2012.
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IDBI Bank Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Wind World (India) Infrastructure Private Limited due to a default amount of Rs. 55,19,28,246.50/-.
IDBI Bank Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Wind World (India) Infrastructure Private Limited.
The default amount was Rs. 55,19,28,246.50/- as of May 29, 2018.
Wind World India Ltd. (WWIL), the holding company of the Corporate Debtor, is already undergoing CIRP initiated on February 20, 2018.
The Corporate Debtor approached the Petitioner for credit facilities in June 2012 to finance a substation and transmission line project.
The Financial Creditor sanctioned a Term Loan of Rs. 65 Crores with an inner limit of Rs. 50 Crores for LC/LoU for BC to the Corporate Debtor via Sanction letter dated June 28, 2012.
…Financial Creditor…
Account of the…