SREI Equipment Finance Limited, as Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against FNM Property Services Private Limited, the Corporate Debtor, seeking initiation of Corporate Insolvency Resolution Process (CIRP). The petition arose from the Corporate Debtor's default in repaying financial facilities extended under a Loan Agreement dated 30.03.2019, with a total financial debt of ₹41,99,56,525/- due as of 31.05.2025. The contractual maturity date for the bullet repayment was 30.03.2024.
A Company Petition (IB (IBC) NO. 393/ND/2025) was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by SREI Equipment Finance Limited (Financial Creditor) against M/s FNM Property Services Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP).
The Corporate Debtor was incorporated on 30.03.2015 and has its registered office in New Delhi.
The Financial Creditor sought CIRP due to the Corporate Debtor's default in repaying financial facilities extended under a Loan Agreement dated 30.03.2019.
The default date is 30.03.2024, and the total financial debt due and payable as on 31.05.2025 is ₹41,99,56,525/-.
The Corporate Debtor had sought a loan facility for the acquisition and development of a real estate project.
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FNM Property Services…
Financial Creditor sanctioned a financial…
SREI Equipment Finance Limited, as Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against FNM Property Services Private Limited, the Corporate Debtor, seeking initiation of Corporate Insolvency Resolution Process (CIRP). The petition arose from the Corporate Debtor's default in repaying financial facilities extended under a Loan Agreement dated 30.03.2019, with a total financial debt of ₹41,99,56,525/- due as of 31.05.2025. The contractual maturity date for the bullet repayment was 30.03.2024.
A Company Petition (IB (IBC) NO. 393/ND/2025) was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by SREI Equipment Finance Limited (Financial Creditor) against M/s FNM Property Services Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP).
The Corporate Debtor was incorporated on 30.03.2015 and has its registered office in New Delhi.
The Financial Creditor sought CIRP due to the Corporate Debtor's default in repaying financial facilities extended under a Loan Agreement dated 30.03.2019.
The default date is 30.03.2024, and the total financial debt due and payable as on 31.05.2025 is ₹41,99,56,525/-.
The Corporate Debtor had sought a loan facility for the acquisition and development of a real estate project.
…FNM Property Services…
Financial Creditor sanctioned a financial…