Sachdeva And Sons Rice Mills Limited, the Corporate Debtor, secured a credit facility from the erstwhile Bank of Punjab, which later merged into Centurion Bank of Punjab Limited. The loan was sanctioned on 24th September 2002. Due to default, the account became NPA on 31st December 2004. Centurion Bank assigned the debt to Kotak Mahindra Bank on 27th September 2007. Kotak Mahindra Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, for total dues of Rs.1,28,65,40,328.38. The Section 7 application was filed on 21st September 2018. Centurion Bank of Punjab Limited had filed OA against the Corporate Debtor in September 2006 before DRT, and the proceedings are still pending. A notice under the Securitisation and Reconstruction of

Sachdeva And Sons Rice Mills Limited, the Corporate Debtor, secured a credit facility from the erstwhile Bank of Punjab, which later merged into Centurion Bank of Punjab Limited. The loan was sanctioned on 24th September 2002. Due to default, the account became NPA on 31st December 2004. Centurion Bank assigned the debt to Kotak Mahindra Bank on 27th September 2007. Kotak Mahindra Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, for total dues of Rs.1,28,65,40,328.38. The Section 7 application was filed on 21st September 2018. Centurion Bank of Punjab Limited had filed OA against the Corporate Debtor in September 2006 before DRT, and the proceedings are still pending. A notice under the Securitisation and Reconstruction of