Central Bank of India filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/S. C.K. Software Private Limited, the Corporate Debtor, based on a corporate guarantee.
Central Bank of India, a financial institution, filed a petition under Section 7 of the IBC against M/S. C.K. Software Private Limited.
The application was filed on 13.05.2024 based on the Corporate Debtor's default in payment of Rs. 189,18,63,774/- principal amount and total default of Rs. 379,16,21,684/-.
M/S. C.K. Software Private Limited is a Corporate Guarantor for loan facilities extended to the Principal Borrower, M/s. Hanung Toys & Textile Limited.
The account of the Principal Borrower was classified as NPA on 19.08.2013.
A SARFAESI notice under Section 13(2) was issued on 17.10.2015 against the Principal Borrower and Corporate Guarantors.
The Corporate Guarantee was invoked by the Financial Creditor on 17.10.2015.
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The present application…
The matter was proceeded ex parte against…
Central Bank of India filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/S. C.K. Software Private Limited, the Corporate Debtor, based on a corporate guarantee.
Central Bank of India, a financial institution, filed a petition under Section 7 of the IBC against M/S. C.K. Software Private Limited.
The application was filed on 13.05.2024 based on the Corporate Debtor's default in payment of Rs. 189,18,63,774/- principal amount and total default of Rs. 379,16,21,684/-.
M/S. C.K. Software Private Limited is a Corporate Guarantor for loan facilities extended to the Principal Borrower, M/s. Hanung Toys & Textile Limited.
The account of the Principal Borrower was classified as NPA on 19.08.2013.
A SARFAESI notice under Section 13(2) was issued on 17.10.2015 against the Principal Borrower and Corporate Guarantors.
The Corporate Guarantee was invoked by the Financial Creditor on 17.10.2015.
…The present application…
The matter was proceeded ex parte against…