M/S Axis Trustee Services Limited, acting as Debenture Trustee for debenture holders, filed an application under Section 7 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/S Talent Unlimited Online Services Private Limited (Corporate Debtor). The Corporate Debtor had issued secured, redeemable, non-convertible debentures totaling Rs. 25,00,00,000/- to raise financial assistance. A first charge was created in favor of the Applicant. The Corporate Debtor defaulted on its repayment obligations starting 31.08.2025, leading to the issuance of warning letters and demand notices. The Corporate Debtor repeatedly admitted its financial distress and inability to repay, requesting more time. The total default claimed was Rs. 5,76,60,560/- as
…M/S Axis Trustee Services Limited, as Debenture Trustee, filed an application under Section 7 of the IBC, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/S Talent Unlimited Online Services Private Limited (Corporate Debtor).
The Corporate Debtor was incorporated on 13.04.2012 and is engaged in data processing, computer services, software development, and IT services.
The Corporate Debtor approached subscribers for financial assistance and issued secured, redeemable, non-convertible debentures totaling Rs. 25,00,00,000/-, which constitute "financial debt".
An exclusive first charge by way of hypothecation was created in favor of the Applicant as Debenture Trustee for the benefit of the debenture holders, registered on 03.03.2023.
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M/S Talent Unlimited…
Securities Subscription Agreement, Debenture…
M/S Axis Trustee Services Limited, acting as Debenture Trustee for debenture holders, filed an application under Section 7 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/S Talent Unlimited Online Services Private Limited (Corporate Debtor). The Corporate Debtor had issued secured, redeemable, non-convertible debentures totaling Rs. 25,00,00,000/- to raise financial assistance. A first charge was created in favor of the Applicant. The Corporate Debtor defaulted on its repayment obligations starting 31.08.2025, leading to the issuance of warning letters and demand notices. The Corporate Debtor repeatedly admitted its financial distress and inability to repay, requesting more time. The total default claimed was Rs. 5,76,60,560/- as
…M/S Axis Trustee Services Limited, as Debenture Trustee, filed an application under Section 7 of the IBC, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/S Talent Unlimited Online Services Private Limited (Corporate Debtor).
The Corporate Debtor was incorporated on 13.04.2012 and is engaged in data processing, computer services, software development, and IT services.
The Corporate Debtor approached subscribers for financial assistance and issued secured, redeemable, non-convertible debentures totaling Rs. 25,00,00,000/-, which constitute "financial debt".
An exclusive first charge by way of hypothecation was created in favor of the Applicant as Debenture Trustee for the benefit of the debenture holders, registered on 03.03.2023.
…M/S Talent Unlimited…
Securities Subscription Agreement, Debenture…