Woodhill Buildtech Private Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Empress Infra Projects Private Limited, claiming default in repayment of a debt amounting to Rs. 2,12,13,236.47.
Woodhill Buildtech Private Limited (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Empress Infra Projects Private Limited (Corporate Debtor).
A Loan Agreement was executed on 02.06.2017, where the Financial Creditor disbursed ₹70,00,000 to the Corporate Debtor.
An Addendum to the Loan Agreement was executed on 07.09.2020, extending the loan tenure and increasing the principal amount to ₹1,10,00,000.
The Corporate Debtor defaulted on 07.09.2023, upon expiry of the extended loan period.
The Financial Creditor issued notices dated 09.11.2023 and 20.01.2024, and a legal notice dated 20.08.2024, to the Corporate Debtor and Personal Guarantor, but received no response or payment.
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Loan Agreement executed…
Addendum executed,…
Woodhill Buildtech Private Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Empress Infra Projects Private Limited, claiming default in repayment of a debt amounting to Rs. 2,12,13,236.47.
Woodhill Buildtech Private Limited (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Empress Infra Projects Private Limited (Corporate Debtor).
A Loan Agreement was executed on 02.06.2017, where the Financial Creditor disbursed ₹70,00,000 to the Corporate Debtor.
An Addendum to the Loan Agreement was executed on 07.09.2020, extending the loan tenure and increasing the principal amount to ₹1,10,00,000.
The Corporate Debtor defaulted on 07.09.2023, upon expiry of the extended loan period.
The Financial Creditor issued notices dated 09.11.2023 and 20.01.2024, and a legal notice dated 20.08.2024, to the Corporate Debtor and Personal Guarantor, but received no response or payment.
…Loan Agreement executed…
Addendum executed,…