As we enter 2025, we bring you a list of companies against whom the corporate insolvency resolution process started. The top pick for us is Sunblink Real Estate, which has been dragged to the insolvency court by Piramal Capital & Housing Finance Ltd for defaulting on a loan of Rs 846 crore.
Case 1: Piramal Capital & Housing Finance Ltd. vs. Sunblink Real Estate Pvt. Ltd.
- Court: National Company Law Tribunal (NCLT), Mumbai Bench.
- Petitioner: Piramal Capital & Housing Finance Ltd. (Financial Creditor).
- Respondent: Sunblink Real Estate Pvt. Ltd. (Corporate Debtor).
- Issue: The Financial Creditor sought initiation of CIRP against the Corporate Debtor for defaulting on a loan of ₹2,186 crores sanctioned in…
