Asset Reconstruction Company (India) Limited filed an application (IA 1864 of 2025) to be considered a financial creditor of XRBIA North Hinjewadi Developers Private Limited.

The applicant's claim of INR 1279,92,52,271/- was rejected by the Respondent, Mr. Sanjay Vijay Jeswani, Interim Resolution Professional, via email dated 30th January 2025.

The CIRP process commenced on 2nd January 2025.

The applicant's claim is based on various financing documents where the Xrbia Group received financial credit facilities.

The Corporate Debtor mortgaged its properties to secure loans disbursed to other Xrbia Group companies.

The Respondent RP rejected the Applicant's claim as a financial creditor, admitting it as an Other Secured Creditor instead.

Asset Reconstruction Company (India) Limited filed an application (IA 1864 of 2025) to be considered a financial creditor of XRBIA North Hinjewadi Developers Private Limited.

The applicant's claim of INR 1279,92,52,271/- was rejected by the Respondent, Mr. Sanjay Vijay Jeswani, Interim Resolution Professional, via email dated 30th January 2025.

The CIRP process commenced on 2nd January 2025.

The applicant's claim is based on various financing documents where the Xrbia Group received financial credit facilities.

The Corporate Debtor mortgaged its properties to secure loans disbursed to other Xrbia Group companies.

The Respondent RP rejected the Applicant's claim as a financial creditor, admitting it as an Other Secured Creditor instead.