J.C. Flowers Asset Reconstruction Pvt. Ltd. filed CIRP applications against Imagine Habitat Pvt. Ltd., Imagine Residence Pvt. Ltd., Imagine Home Pvt. Ltd., and Imagine Estate Pvt. Ltd. The applications are based on financial facilities extended by Sammaan Capital Limited (SCL) to the respondents, where the respondents acted as hypothecators and obligors under loan agreements.
J.C. Flowers Asset Reconstruction Pvt. Ltd. is the petitioner, acting as the assignee of Sammaan Capital Limited (SCL).
Imagine Habitat Pvt. Ltd., Imagine Residence Pvt. Ltd., Imagine Home Pvt. Ltd., and Imagine Estate Pvt. Ltd. are the corporate debtors.
The corporate debtors are subsidiaries of RAB Enterprises (India) Private Limited, promoted by Mr. Rana Kapoor and Ms. Bindu Kapoor.
SCL sanctioned and disbursed loan facilities to RAB Group companies, including the corporate debtors.
The corporate debtors acted as hypothecators under deeds of hypothecation, providing security for the loans.
SCL issued recall notices to the corporate debtors due to a material adverse effect on the repayment ability of RAB Promoters.
…Sign in to view the parties.
RAB approached Sammaan…
Loan Agreement…
J.C. Flowers Asset Reconstruction Pvt. Ltd. filed CIRP applications against Imagine Habitat Pvt. Ltd., Imagine Residence Pvt. Ltd., Imagine Home Pvt. Ltd., and Imagine Estate Pvt. Ltd. The applications are based on financial facilities extended by Sammaan Capital Limited (SCL) to the respondents, where the respondents acted as hypothecators and obligors under loan agreements.
J.C. Flowers Asset Reconstruction Pvt. Ltd. is the petitioner, acting as the assignee of Sammaan Capital Limited (SCL).
Imagine Habitat Pvt. Ltd., Imagine Residence Pvt. Ltd., Imagine Home Pvt. Ltd., and Imagine Estate Pvt. Ltd. are the corporate debtors.
The corporate debtors are subsidiaries of RAB Enterprises (India) Private Limited, promoted by Mr. Rana Kapoor and Ms. Bindu Kapoor.
SCL sanctioned and disbursed loan facilities to RAB Group companies, including the corporate debtors.
The corporate debtors acted as hypothecators under deeds of hypothecation, providing security for the loans.
SCL issued recall notices to the corporate debtors due to a material adverse effect on the repayment ability of RAB Promoters.
…RAB approached Sammaan…
Loan Agreement…