(G) Kirutika Muralidharan, the financial creditor, was an investor and a debenture-holder of 'Optionally, Convertible Debenture Bond (OCBD) payable on maturity with redemption premium issued by Q Limited (Corporate Debto
CS Professional · Insolvency - Law and Practice · PYQS · December 2023
(G) Kirutika Muralidharan, the financial creditor, was an investor and a debenture-holder of 'Optionally, Convertible Debenture Bond (OCBD) payable on maturity with redemption premium issued by Q Limited (Corporate Debtor). The zero interest OCBD bonds amounted to ₹3 crore was matured in 2019. The Corporate debtor failed to discharge this liability on due dates. Kirutika Muralidharan, filed an application to initiate the CIRP before the NCLT. In respect of the inputs given in Para-G above, briefly answer the following questions: Whether Kirutika Muralidharan is eligible for filing an application for initiation of CIRP?
Topics: Corporate Insolvency Resolution Process (CIRP)
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