Small Industries Development Bank of India (SIDBI), a Financial Creditor, filed a petition under Section 7 of the IBC, 2016, against G & L Profile And Equipments Pvt Ltd, the Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP). The petition was based on a default of Rs. 3,71,16,512.59 as of 10.12.2025, with the date of default being 03.01.2025, arising from a term loan sanctioned under the 4E financing Scheme.
Small Industries Development Bank of India (SIDBI) filed a petition under Section 7 of the IBC, 2016, against G & L Profile And Equipments Pvt Ltd.
The petition seeks to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor.
The total amount in default is Rs. 3,71,16,512.59/- as on 10.12.2025.
The date of default is 03.01.2025.
SIDBI, the Financial Creditor, sanctioned term loan facilities of Rs. 505.85 lakhs under the 4E-Financing Scheme.
The Corporate Debtor passed a Resolution on 30.11.2023, accepting the terms and conditions of the financial assistance.
A Term Loan Hypothecation Agreement was executed on 01.12.2023, creating a first charge on the Corporate Debtor's plant, machinery, and movable assets.
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Letter of intent issued…
Corporate Debtor passed a Resolution…
Small Industries Development Bank of India (SIDBI), a Financial Creditor, filed a petition under Section 7 of the IBC, 2016, against G & L Profile And Equipments Pvt Ltd, the Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP). The petition was based on a default of Rs. 3,71,16,512.59 as of 10.12.2025, with the date of default being 03.01.2025, arising from a term loan sanctioned under the 4E financing Scheme.
Small Industries Development Bank of India (SIDBI) filed a petition under Section 7 of the IBC, 2016, against G & L Profile And Equipments Pvt Ltd.
The petition seeks to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor.
The total amount in default is Rs. 3,71,16,512.59/- as on 10.12.2025.
The date of default is 03.01.2025.
SIDBI, the Financial Creditor, sanctioned term loan facilities of Rs. 505.85 lakhs under the 4E-Financing Scheme.
The Corporate Debtor passed a Resolution on 30.11.2023, accepting the terms and conditions of the financial assistance.
A Term Loan Hypothecation Agreement was executed on 01.12.2023, creating a first charge on the Corporate Debtor's plant, machinery, and movable assets.
…Letter of intent issued…
Corporate Debtor passed a Resolution…