Page 734 - IBC Orders us 7-CA Mukesh Mohan

Order Passed under Sec 7
By Hon’ble NCLT Mumbai Bench
IN THE NATIONAL COMPANY LAW TRIBUNAL
MUMBAI BENCH

C.P. (I.B.) No. 644/7/NCLT/MB/2017

Decided On: 04.08.2017

Applicant: Abhyudaya Co-Operative Bank Limited
Vs.
Respondent: Shivkripa Ispat Pvt. Ltd.

Judges/Coram:
Hon'ble M.K. Shrawat, (Member (J))

Counsels:
For Appellant/Petitioner/Plaintiff: Mr. Madhur Rai Advocate

For Respondents/Defendant:

ORDER

Hon'ble M.K. Shrawat, Member (J)

1. The Petition under consideration was filed on 09th June, 2017 by invoking the provisions of

section 7 of the Insolvency and Bankruptcy Code (hereinafter The Code) with Rule 4 of the
Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules 2016 by the Financial

Creditor. The Corporate Debtor is M/s. Shivkripralspat Private Limited, Chinch Bunder, Mumbai.
The Petition is filed with the purpose to initiate "Corporate Insolvency Resolution Process"
against the Financial Debtor.

2. Brief background:-

On perusal of the record it is revealed that the total loan granted by the "Financial Creditor" to the
"Corporate Debtor" was as under:-

Particulars of Financial Debt

1. Total amount of debt Total Amount - Rs. 1727 Lakhs
granted.
1. CFCC/220330 (CC-10555) for Rs. 1100 Lakhs.

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