The case involves a dispute over the possession of property owned by Sincere Securities Private Limited & Ors. (appellants) which was leased to Nandini Impex Private Limited (corporate debtor). Nandini Impex Private Limited defaulted on loan repayments, leading to conveyance deeds transferring the property to the appellants. Subsequently, a corporate insolvency resolution process (CIRP) was initiated against Nandini Impex Private Limited by UCO Bank.
On 13.02.2019, Nandini Impex Private Limited executed a Memorandum of Understanding with Noble Dealcom Private Limited and Jodhpur Properties and Finance Private Limited for financial assistance of ₹3 crores, secured by deposit of title deeds.
On 15.02.2019, Nandini Impex Private Limited executed a Memorandum of Understanding with Sincere Securities Private Limited for a loan of ₹3 crores, secured by deposit of title deeds.
Nandini Impex Private Limited defaulted on loan repayments, leading to conveyance deeds transferring the property to the appellants on 27.02.2020.
UCO Bank initiated CIRP against Nandini Impex Private Limited under Section 7 of the IBC, admitted on 20.09.2022.
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Nandini Impex Private Limited executed a…
Nandini Impex Private Limited executed a…
The case involves a dispute over the possession of property owned by Sincere Securities Private Limited & Ors. (appellants) which was leased to Nandini Impex Private Limited (corporate debtor). Nandini Impex Private Limited defaulted on loan repayments, leading to conveyance deeds transferring the property to the appellants. Subsequently, a corporate insolvency resolution process (CIRP) was initiated against Nandini Impex Private Limited by UCO Bank.
On 13.02.2019, Nandini Impex Private Limited executed a Memorandum of Understanding with Noble Dealcom Private Limited and Jodhpur Properties and Finance Private Limited for financial assistance of ₹3 crores, secured by deposit of title deeds.
On 15.02.2019, Nandini Impex Private Limited executed a Memorandum of Understanding with Sincere Securities Private Limited for a loan of ₹3 crores, secured by deposit of title deeds.
Nandini Impex Private Limited defaulted on loan repayments, leading to conveyance deeds transferring the property to the appellants on 27.02.2020.
UCO Bank initiated CIRP against Nandini Impex Private Limited under Section 7 of the IBC, admitted on 20.09.2022.
…Nandini Impex Private Limited executed a…
Nandini Impex Private Limited executed a…