National Asset Reconstruction Company Limited (NARCL), acting as a trustee, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Haridwar Highways Project Limited (HHPL) due to default in repayment of financial debt.
National Asset Reconstruction Company Limited (NARCL) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Haridwar Highways Project Limited (HHPL).
The corporate debtor, Haridwar Highways Project Limited, defaulted on a financial debt of INR 2386,51,75,911/-.
The financial debt comprised a principal amount of INR 1021,39,84,859/- and an interest amount of INR 1365,11,91,052/-.
Haridwar Highways Project Limited (HHPL) entered into a Concession Agreement with the National Highways Authority of India (NHAI) on 24.02.2010 for a highway project.
Axis Bank Limited sanctioned a term loan of INR 690.60 crores to Haridwar Highways Project Limited (HHPL) for part-financing the project.
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Haridwar Highways Project Limited entered into…
The account of Haridwar Highways Project…
National Asset Reconstruction Company Limited (NARCL), acting as a trustee, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Haridwar Highways Project Limited (HHPL) due to default in repayment of financial debt.
National Asset Reconstruction Company Limited (NARCL) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Haridwar Highways Project Limited (HHPL).
The corporate debtor, Haridwar Highways Project Limited, defaulted on a financial debt of INR 2386,51,75,911/-.
The financial debt comprised a principal amount of INR 1021,39,84,859/- and an interest amount of INR 1365,11,91,052/-.
Haridwar Highways Project Limited (HHPL) entered into a Concession Agreement with the National Highways Authority of India (NHAI) on 24.02.2010 for a highway project.
Axis Bank Limited sanctioned a term loan of INR 690.60 crores to Haridwar Highways Project Limited (HHPL) for part-financing the project.
…Haridwar Highways Project Limited entered into…
The account of Haridwar Highways Project…