Authum Investment & Infrastructure Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Mohanbir Hi-Tech Build Private Limited, the Corporate Debtor, due to default in payment of financial debt.
Authum Investment & Infrastructure Limited filed a petition under Section 7 of the IBC to initiate CIRP against Mohanbir Hi-Tech Build Private Limited.
The Corporate Debtor defaulted on a payment of Rs. 488,52,85,932/- which includes principal, interest, and penal interest.
Reliance Home Finance Limited (RHFL) originally advanced loans to the Corporate Debtor, which were later assigned to Reliance Commercial Finance Limited (RCFL) and subsequently demerged to Authum Investment & Infrastructure Limited.
The Corporate Debtor acknowledged the debt in its audited financial statements for the years ending 31.03.2022, 31.03.2023 and 31.03.2024.
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Mohanbir Hi-Te…
RHFL advanced loans for working capital…
Authum Investment & Infrastructure Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Mohanbir Hi-Tech Build Private Limited, the Corporate Debtor, due to default in payment of financial debt.
Authum Investment & Infrastructure Limited filed a petition under Section 7 of the IBC to initiate CIRP against Mohanbir Hi-Tech Build Private Limited.
The Corporate Debtor defaulted on a payment of Rs. 488,52,85,932/- which includes principal, interest, and penal interest.
Reliance Home Finance Limited (RHFL) originally advanced loans to the Corporate Debtor, which were later assigned to Reliance Commercial Finance Limited (RCFL) and subsequently demerged to Authum Investment & Infrastructure Limited.
The Corporate Debtor acknowledged the debt in its audited financial statements for the years ending 31.03.2022, 31.03.2023 and 31.03.2024.
…Mohanbir Hi-Te…
RHFL advanced loans for working capital…