The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by M/s. Kaliber Associates Private Limited (through its liquidator, Mr. Mohan Lal Jain) against M/s. J.R. Modi Associates Private Limited, seeking to initiate Corporate Insolvency Resolution Process (CIRP) due to a default in repayment of a financial debt amounting to Rs. 9,05,00,000/-. The financial creditor, M/s. Kaliber Associates Private Limited, is currently undergoing liquidation.
M/s. Kaliber Associates Private Limited 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 Private Limited.
The claim relates to a default in repayment of financial debt amounting to Rs. 9,05,00,000/-.
M/s. Kaliber Associates Private Limited is undergoing liquidation.
Mr. Mohan Lal Jain is the Liquidator for M/s. Kaliber Associates Private Limited.
The Corporate Debtor, M/s. J.R. Modi Associates Limited, was incorporated on 06.03.1997 under the provisions of the Companies Act, 1956.
The Applicant/Financial Creditor disbursed various loans and advances to the Corporate Debtor aggregating to a sum of ₹29,05,00,000/-.
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Interim Resolution Professional issued a demand…
Resolution Professional informed the Directors…
The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by M/s. Kaliber Associates Private Limited (through its liquidator, Mr. Mohan Lal Jain) against M/s. J.R. Modi Associates Private Limited, seeking to initiate Corporate Insolvency Resolution Process (CIRP) due to a default in repayment of a financial debt amounting to Rs. 9,05,00,000/-. The financial creditor, M/s. Kaliber Associates Private Limited, is currently undergoing liquidation.
M/s. Kaliber Associates Private Limited 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 Private Limited.
The claim relates to a default in repayment of financial debt amounting to Rs. 9,05,00,000/-.
M/s. Kaliber Associates Private Limited is undergoing liquidation.
Mr. Mohan Lal Jain is the Liquidator for M/s. Kaliber Associates Private Limited.
The Corporate Debtor, M/s. J.R. Modi Associates Limited, was incorporated on 06.03.1997 under the provisions of the Companies Act, 1956.
The Applicant/Financial Creditor disbursed various loans and advances to the Corporate Debtor aggregating to a sum of ₹29,05,00,000/-.
…Interim Resolution Professional issued a demand…
Resolution Professional informed the Directors…