Samridhi Realty Homes Private Ltd. filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Nexgen Infracon Pvt. Ltd. due to an alleged default of ₹1,12,70,928/-.
Samridhi Realty Homes Private Ltd. (Financial Creditor) filed a petition under Section 7 of the IBC against Nexgen Infracon Pvt. Ltd. (Corporate Debtor) for a default of ₹1,12,70,928/-.
A loan agreement was executed between the Financial Creditor and the Corporate Debtor on 30.03.2021, where the Financial Creditor disbursed ₹1,00,00,000/- at an interest rate of 9% per annum.
The Corporate Debtor requested an extension of time to repay the loan and made a partial payment of ₹30,00,000/- on 13.09.2024.
A Compromise Deed was executed on 11.04.2025, where the Corporate Debtor acknowledged its liability and agreed to pay ₹1,00,00,000/- in five monthly installments.
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Loan Agreement executed between Samridhi…
Nexgen Infracon Pvt.…
Samridhi Realty Homes Private Ltd. filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Nexgen Infracon Pvt. Ltd. due to an alleged default of ₹1,12,70,928/-.
Samridhi Realty Homes Private Ltd. (Financial Creditor) filed a petition under Section 7 of the IBC against Nexgen Infracon Pvt. Ltd. (Corporate Debtor) for a default of ₹1,12,70,928/-.
A loan agreement was executed between the Financial Creditor and the Corporate Debtor on 30.03.2021, where the Financial Creditor disbursed ₹1,00,00,000/- at an interest rate of 9% per annum.
The Corporate Debtor requested an extension of time to repay the loan and made a partial payment of ₹30,00,000/- on 13.09.2024.
A Compromise Deed was executed on 11.04.2025, where the Corporate Debtor acknowledged its liability and agreed to pay ₹1,00,00,000/- in five monthly installments.
…Loan Agreement executed between Samridhi…
Nexgen Infracon Pvt.…