Sheth Fincap Services Private Limited, a financial creditor, filed three separate applications under Section 7 of the IBC, 2016, against Takshashila Corporation LLP, Takshashila Developers Private Limited, and Takshashila Resicom Private Limited, who are co-borrowers. The applications sought to initiate Corporate Insolvency Resolution Process (CIRP) due to a default amount of Rs.7,40,33,665/- arising from an Rs.11 crore financial facility granted on 15.03.2024. The loan was secured by personal guarantees and mortgage deeds, and the date of default was stated as 15.05.2025, following the dishonour of cheques.
Three petitions, C.P.(IB)/188(AHM)2026, C.P.(IB)/190(AHM)2026, and C.P.(IB)/192(AHM)2026, were filed under Section 7 of the IBC, 2016.
Sheth Fincap Services Private Limited, a registered NBFC, is the financial creditor and applicant.
The financial creditor was incorporated on 03.02.2025 and is registered with CIN U65923MH2015TC261592.
The corporate debtors are Takshashila Corporation LLP, Takshashila Developers Private Limited, and Takshashila Resicom Private Limited, acting as co-borrowers.
The applicant sought initiation of Corporate Insolvency Process against the corporate debtors for a default amount of Rs.7,40,33,665/-.
The date of default is stated to be 15.05.2025.
The applicant granted a financial facility of Rs.11 crores to the three corporate debtors jointly.
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Financial facility of Rs.11 crores granted to…
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Sheth Fincap Services Private Limited, a financial creditor, filed three separate applications under Section 7 of the IBC, 2016, against Takshashila Corporation LLP, Takshashila Developers Private Limited, and Takshashila Resicom Private Limited, who are co-borrowers. The applications sought to initiate Corporate Insolvency Resolution Process (CIRP) due to a default amount of Rs.7,40,33,665/- arising from an Rs.11 crore financial facility granted on 15.03.2024. The loan was secured by personal guarantees and mortgage deeds, and the date of default was stated as 15.05.2025, following the dishonour of cheques.
Three petitions, C.P.(IB)/188(AHM)2026, C.P.(IB)/190(AHM)2026, and C.P.(IB)/192(AHM)2026, were filed under Section 7 of the IBC, 2016.
Sheth Fincap Services Private Limited, a registered NBFC, is the financial creditor and applicant.
The financial creditor was incorporated on 03.02.2025 and is registered with CIN U65923MH2015TC261592.
The corporate debtors are Takshashila Corporation LLP, Takshashila Developers Private Limited, and Takshashila Resicom Private Limited, acting as co-borrowers.
The applicant sought initiation of Corporate Insolvency Process against the corporate debtors for a default amount of Rs.7,40,33,665/-.
The date of default is stated to be 15.05.2025.
The applicant granted a financial facility of Rs.11 crores to the three corporate debtors jointly.
…Financial facility of Rs.11 crores granted to…
A duly registered…