State Bank of India filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Miki Maize Milling Private Limited for default in repayment of financial debt.
State Bank of India, the Financial Creditor, filed a petition against Miki Maize Milling Private Limited, the Corporate Debtor, under Section 7 of the IBC.
The Corporate Debtor availed multiple credit facilities from the Financial Creditor amounting to Rs. 22.54 Crore.
The Corporate Debtor defaulted in repayment of the financial debt on 25.07.2021.
The Financial Creditor classified the account of the Corporate Debtor as Non-Performing Asset on 29.09.2023.
A Demand Notice dated 07.10.2023 was issued by the Financial Creditor, followed by SARFAESI proceedings.
The Financial Creditor filed a Record of Default with Information Utility (NeSL) reflecting default dated 25.07.2021, which was authenticated.
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The Company Petition…
The Corporate Debtor…
State Bank of India filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Miki Maize Milling Private Limited for default in repayment of financial debt.
State Bank of India, the Financial Creditor, filed a petition against Miki Maize Milling Private Limited, the Corporate Debtor, under Section 7 of the IBC.
The Corporate Debtor availed multiple credit facilities from the Financial Creditor amounting to Rs. 22.54 Crore.
The Corporate Debtor defaulted in repayment of the financial debt on 25.07.2021.
The Financial Creditor classified the account of the Corporate Debtor as Non-Performing Asset on 29.09.2023.
A Demand Notice dated 07.10.2023 was issued by the Financial Creditor, followed by SARFAESI proceedings.
The Financial Creditor filed a Record of Default with Information Utility (NeSL) reflecting default dated 25.07.2021, which was authenticated.
…The Company Petition…
The Corporate Debtor…