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.
Prudent ARC Limited filed an application under Section 7 of the IBC to initiate CIRP against Crew B.O.S Products Limited.
Crew B.O.S Products Limited defaulted on its payment obligations and was classified as NPA by various lenders.
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 is represented through its official Liquidator.
The Hon'ble Delhi High Court had previously initiated winding-up proceedings against the Corporate Debtor and appointed an official liquidator.
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Order pronounced…
IDBI Bank classified…
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.
Prudent ARC Limited filed an application under Section 7 of the IBC to initiate CIRP against Crew B.O.S Products Limited.
Crew B.O.S Products Limited defaulted on its payment obligations and was classified as NPA by various lenders.
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 is represented through its official Liquidator.
The Hon'ble Delhi High Court had previously initiated winding-up proceedings against the Corporate Debtor and appointed an official liquidator.
…Order pronounced…
IDBI Bank classified…