ADITYA BIRLA CAPITAL LIMITED (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Unique Autosales Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Financial Creditor claimed a total financial debt of Rs. 3,99,92,915/- with a default date of 16.12.2024, stemming from a loan facility of Rs. 5,00,00,000/- sanctioned on 26.07.2023. The Corporate Debtor admitted the debt and default but attributed it to unforeseen circumstances, including the impact of the COVID-19 pandemic and a severe liquidity crunch.
ADITYA BIRLA CAPITAL LIMITED (Financial Creditor/Applicant) filed an application on 23.09.2025 under Section 7 of the IBC, 2016, to initiate CIRP against UNIQUE AUTOSALES PRIVATE LIMITED (Corporate Debtor/Respondent).
The application stated a total financial debt of Rs. 3,99,92,915/- with the date of default specified as 16.12.2024.
The Financial Creditor is a company incorporated on 15.10.2007.
The Corporate Debtor is a company incorporated on 26.03.2011.
Ms. Babita Jain was proposed as the Interim Resolution Professional (IRP) by the Financial Creditor.
The Financial Creditor issued a Sanction Letter dated 26.07.2023 for a financial facility of Rs. 5,00,00,000/- for working capital requirements.
A Loan Facility agreement was entered into between the parties on 27.07.2023.
…Sign in to view the parties.
ADITYA BIRLA CAPITAL…
Unique Autosales…
ADITYA BIRLA CAPITAL LIMITED (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Unique Autosales Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Financial Creditor claimed a total financial debt of Rs. 3,99,92,915/- with a default date of 16.12.2024, stemming from a loan facility of Rs. 5,00,00,000/- sanctioned on 26.07.2023. The Corporate Debtor admitted the debt and default but attributed it to unforeseen circumstances, including the impact of the COVID-19 pandemic and a severe liquidity crunch.
ADITYA BIRLA CAPITAL LIMITED (Financial Creditor/Applicant) filed an application on 23.09.2025 under Section 7 of the IBC, 2016, to initiate CIRP against UNIQUE AUTOSALES PRIVATE LIMITED (Corporate Debtor/Respondent).
The application stated a total financial debt of Rs. 3,99,92,915/- with the date of default specified as 16.12.2024.
The Financial Creditor is a company incorporated on 15.10.2007.
The Corporate Debtor is a company incorporated on 26.03.2011.
Ms. Babita Jain was proposed as the Interim Resolution Professional (IRP) by the Financial Creditor.
The Financial Creditor issued a Sanction Letter dated 26.07.2023 for a financial facility of Rs. 5,00,00,000/- for working capital requirements.
A Loan Facility agreement was entered into between the parties on 27.07.2023.
…ADITYA BIRLA CAPITAL…
Unique Autosales…