The case concerns an application filed by Union Bank of India, the Financial Creditor, against SE Transstadia Private Limited, the Corporate Debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) due to a default in repayment of financial debt. The petition was registered on 31.08.2026, with a claimed default amount of Rs.223,82,01,046/- as on 24.07.2026, including principal, normal, and penal interest. The Corporate Debtor, incorporated on 17.12.2008, availed consortium financial facilities from Union Bank of India, Bank of Baroda, and Bank of India, secured by a mortgage over leasehold land and a building. The loan accounts were classified as Non-Performing Assets (NPA) on
…An application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.
The Applicant/Financial Creditor is Union Bank of India, represented by its Authorised Signatory, Mr. Jitendra Kamath, with its registered office in Mumbai, Maharashtra.
The Respondent/Corporate Debtor is SE Transstadia Private Limited (CIN: U74990GJ2008PTC065269), with its registered office in Kankaria, Ahmedabad, Gujarat.
The petition was first listed on 01.09.2026.
The order was pronounced on 16.09.2026.
A Company Petition was registered on 31.08.2026.
The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) on account of default in repayment of financial debt.
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The case concerns an application filed by Union Bank of India, the Financial Creditor, against SE Transstadia Private Limited, the Corporate Debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) due to a default in repayment of financial debt. The petition was registered on 31.08.2026, with a claimed default amount of Rs.223,82,01,046/- as on 24.07.2026, including principal, normal, and penal interest. The Corporate Debtor, incorporated on 17.12.2008, availed consortium financial facilities from Union Bank of India, Bank of Baroda, and Bank of India, secured by a mortgage over leasehold land and a building. The loan accounts were classified as Non-Performing Assets (NPA) on
…An application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.
The Applicant/Financial Creditor is Union Bank of India, represented by its Authorised Signatory, Mr. Jitendra Kamath, with its registered office in Mumbai, Maharashtra.
The Respondent/Corporate Debtor is SE Transstadia Private Limited (CIN: U74990GJ2008PTC065269), with its registered office in Kankaria, Ahmedabad, Gujarat.
The petition was first listed on 01.09.2026.
The order was pronounced on 16.09.2026.
A Company Petition was registered on 31.08.2026.
The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) on account of default in repayment of financial debt.
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