Prudent ARC Limited, a Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Crew B.O.S. Products Limited, the Corporate Debtor. The Corporate Debtor is represented through its official Liquidator.
Prudent ARC Limited filed an application under Section 7 of the IBC to initiate CIRP against Crew B.O.S. Products Limited.
The Corporate Debtor is represented through its official Liquidator.
Prudent ARC Limited is an assignee of multiple lenders, including Allahabad Bank, IDBI Bank, Standard Chartered Bank, Citibank N.A., State Bank of India (now EARCL), ICICI Bank (now Phoenix ARC), IFCI Venture Capital Funds Ltd., and Bank of Baroda (now ARCIL).
The Corporate Debtor defaulted in its payment obligations and was classified as NPA by various lenders.
DBS Bank Ltd. had filed a winding-up petition against the Corporate Debtor before the Delhi High Court, and an official liquidator was appointed.
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Order pronounced by the…
DBS Bank Ltd. filed a winding-up petition…
Prudent ARC Limited, a Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Crew B.O.S. Products Limited, the Corporate Debtor. The Corporate Debtor is represented through its official Liquidator.
Prudent ARC Limited filed an application under Section 7 of the IBC to initiate CIRP against Crew B.O.S. Products Limited.
The Corporate Debtor is represented through its official Liquidator.
Prudent ARC Limited is an assignee of multiple lenders, including Allahabad Bank, IDBI Bank, Standard Chartered Bank, Citibank N.A., State Bank of India (now EARCL), ICICI Bank (now Phoenix ARC), IFCI Venture Capital Funds Ltd., and Bank of Baroda (now ARCIL).
The Corporate Debtor defaulted in its payment obligations and was classified as NPA by various lenders.
DBS Bank Ltd. had filed a winding-up petition against the Corporate Debtor before the Delhi High Court, and an official liquidator was appointed.
…Order pronounced by the…
DBS Bank Ltd. filed a winding-up petition…