Standard Capital Markets Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate corporate insolvency resolution process (CIRP) against Concord Buildwell Private Ltd., based on a financial debt.
Standard Capital Markets Ltd. (SCML) is a financial creditor and public limited company.
Concord Buildwell Private Ltd. is the corporate debtor and a public limited company engaged in construction and real estate.
Veer Chemicals Pvt. Ltd. sought loan facilities from Sammaan Capital Ltd. (SCL), previously known as Indiabulls Housing Finance.
SCL issued a sanction letter to Veer for the loan.
SCL and Veer executed a Loan Agreement for Rs. 150,00,00,000/- on 30.10.2018.
SCL disbursed Rs. 150,00,00,000/- to Veer on 02.11.2018.
Concord Buildwell Private Ltd. executed a Memorandum of Entry on 28.11.2020, creating a mortgage in favor of SCL.
SCL and Veer executed an Addendum Agreement on 01.10.2020, extending the loan term.
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SCL and Veer executed a…
SCL disburs…
Standard Capital Markets Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate corporate insolvency resolution process (CIRP) against Concord Buildwell Private Ltd., based on a financial debt.
Standard Capital Markets Ltd. (SCML) is a financial creditor and public limited company.
Concord Buildwell Private Ltd. is the corporate debtor and a public limited company engaged in construction and real estate.
Veer Chemicals Pvt. Ltd. sought loan facilities from Sammaan Capital Ltd. (SCL), previously known as Indiabulls Housing Finance.
SCL issued a sanction letter to Veer for the loan.
SCL and Veer executed a Loan Agreement for Rs. 150,00,00,000/- on 30.10.2018.
SCL disbursed Rs. 150,00,00,000/- to Veer on 02.11.2018.
Concord Buildwell Private Ltd. executed a Memorandum of Entry on 28.11.2020, creating a mortgage in favor of SCL.
SCL and Veer executed an Addendum Agreement on 01.10.2020, extending the loan term.
…SCL and Veer executed a…
SCL disburs…