Punjab National Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Bhagwati Rice Mills Private Limited, alleging default in payment of financial debt.
Punjab National Bank (PNB) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Bhagwati Rice Mills Private Limited.
The application was filed on 15.01.2025.
The Financial Creditor claimed a total financial debt of Rs. 74,35,42,374/- with the date of default being 08.06.2023.
The Corporate Debtor committed default in the payment of Rs. 74,35,42,374/- as on 30.11.2024, along with future interest and charges w.e.f. 01.12.2024.
The Corporate Debtor availed various credit facilities since inception and approached the Financial Creditor for enhancement of limits.
The account of the Corporate Debtor was classified as NPA on 08.06.2023.
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Punjab National Bank filed an application…
The Financial Creditor…
Punjab National Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Bhagwati Rice Mills Private Limited, alleging default in payment of financial debt.
Punjab National Bank (PNB) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Bhagwati Rice Mills Private Limited.
The application was filed on 15.01.2025.
The Financial Creditor claimed a total financial debt of Rs. 74,35,42,374/- with the date of default being 08.06.2023.
The Corporate Debtor committed default in the payment of Rs. 74,35,42,374/- as on 30.11.2024, along with future interest and charges w.e.f. 01.12.2024.
The Corporate Debtor availed various credit facilities since inception and approached the Financial Creditor for enhancement of limits.
The account of the Corporate Debtor was classified as NPA on 08.06.2023.
…Punjab National Bank filed an application…
The Financial Creditor…