Fidus Finance Private Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Elena Power and Infrastructure Limited.
Fidus Finance Private Limited provided a loan facility of Rs. 1,05,00,000/- to Elena Power and Infrastructure Limited at 12% per annum.
The loan was disbursed in two tranches on 27.01.2020 and 21.12.2020 and was repayable on 07.04.2021.
Elena Power and Infrastructure Limited failed to repay the loan amount along with interest on 07.04.2021.
Fidus Finance Private Limited issued a demand notice on 06.05.2021 for repayment of Rs. 1,11,43,232/-.
Elena Power and Infrastructure Limited filed a reply denying any default.
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Loan Agreement dated…
Disbursement of Loan in…
Fidus Finance Private Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Elena Power and Infrastructure Limited.
Fidus Finance Private Limited provided a loan facility of Rs. 1,05,00,000/- to Elena Power and Infrastructure Limited at 12% per annum.
The loan was disbursed in two tranches on 27.01.2020 and 21.12.2020 and was repayable on 07.04.2021.
Elena Power and Infrastructure Limited failed to repay the loan amount along with interest on 07.04.2021.
Fidus Finance Private Limited issued a demand notice on 06.05.2021 for repayment of Rs. 1,11,43,232/-.
Elena Power and Infrastructure Limited filed a reply denying any default.
…Loan Agreement dated…
Disbursement of Loan in…