Srei Equipment Finance Limited filed an application under Section 7 of the IBC, 2016 against Coronation Infrastructure Private Limited, alleging default in repayment of debt.
Srei Equipment Finance Limited claimed a default of Rs. 80,41,64,116/- as of 03-04-2024.
The Corporate Debtor contended that the application was filed without due authorization and was based on unstamped loan agreements.
The Corporate Debtor argued that the default occurred during the period mentioned in Section 10A of IBC, 2016.
The Corporate Debtor sold secured property for INR 45.3 crores, the proceeds of which went to the Applicant on 30.6.2023.
The Applicant issued a fresh recall notice dated 28.12.2023 seeking payment of Rs. 75,75,14,032 by 12.01.2024.
The date of default was determined to be 12.01.2021, which is outside the Section 10A period.
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Srei Equipment Finance Limited filed an application under Section 7 of the IBC, 2016 against Coronation Infrastructure Private Limited, alleging default in repayment of debt.
Srei Equipment Finance Limited claimed a default of Rs. 80,41,64,116/- as of 03-04-2024.
The Corporate Debtor contended that the application was filed without due authorization and was based on unstamped loan agreements.
The Corporate Debtor argued that the default occurred during the period mentioned in Section 10A of IBC, 2016.
The Corporate Debtor sold secured property for INR 45.3 crores, the proceeds of which went to the Applicant on 30.6.2023.
The Applicant issued a fresh recall notice dated 28.12.2023 seeking payment of Rs. 75,75,14,032 by 12.01.2024.
The date of default was determined to be 12.01.2021, which is outside the Section 10A period.
…Total Amount claimed to…
Order Deliver…