M/s. Kaliber Associates Private Limited, through its Liquidator Mr. Mohan Lal Jain, filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. J.R. Modi Associates Limited, the Corporate Debtor, due to default in repayment of a financial debt of Rs. 9,05,00,000/-.
M/s. Kaliber Associates Private Limited, through its liquidator Mr. Mohan Lal Jain, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The petition seeks to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. J.R. Modi Associates Limited.
The Corporate Debtor defaulted on a financial debt of Rs. 9,05,00,000/-.
Kaliber Associates Private Limited is undergoing liquidation process.
The NCLT initially admitted the CIRP, but the order was set aside by NCLAT.
The Corporate Debtor claimed the amount was an advance against property.
The Applicant disbursed an aggregate sum of ₹29,05,00,000/- to the Corporate Debtor in multiple tranches.
The date of default is mentioned as 18.01.2019.
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Interim Resolution Professional of M/s Kaliber…
NCLT, New Delhi order dated 02.01.2020 in C.A.…
M/s. Kaliber Associates Private Limited, through its Liquidator Mr. Mohan Lal Jain, filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. J.R. Modi Associates Limited, the Corporate Debtor, due to default in repayment of a financial debt of Rs. 9,05,00,000/-.
M/s. Kaliber Associates Private Limited, through its liquidator Mr. Mohan Lal Jain, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The petition seeks to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. J.R. Modi Associates Limited.
The Corporate Debtor defaulted on a financial debt of Rs. 9,05,00,000/-.
Kaliber Associates Private Limited is undergoing liquidation process.
The NCLT initially admitted the CIRP, but the order was set aside by NCLAT.
The Corporate Debtor claimed the amount was an advance against property.
The Applicant disbursed an aggregate sum of ₹29,05,00,000/- to the Corporate Debtor in multiple tranches.
The date of default is mentioned as 18.01.2019.
…Interim Resolution Professional of M/s Kaliber…
NCLT, New Delhi order dated 02.01.2020 in C.A.…