Inter-Corporate deposits are financial debts. In order to be construed a transaction of depsit of money or a loan to Financial debt, a relationship must exist between the parties wherein the intention of the parties are to be considered and substantiated with valid documents. In the present case, an application […]
In the present case, one M/s. Edelweiss Asset reconstruction Company Ltd filed an application unser section 7 of the IBC to initiate CIR process against the Petitioner.The said application was admitted by NCLT vide order dated 05.04.2017. pursuant to the admission, RP made public announcement under regulation 6 of the […]
In the instant case, the Applicant filed a petition under section 7 against the allegedly Corporate debtor for a debt by way of equity investment in the shares of Corporate Debtor for a total amount of rs. 43054200/- as principal and Rs. 99695800/- as Internal rate of Return calculated at […]
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