Canara Bank filed a petition under Section 7 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Kanva Fashions Limited, claiming a default of Rs. 114,38,26,770.26. The Corporate Debtor's account was classified as NPA on 31.07.2019.
Canara Bank filed a petition under Section 7 of the IBC, 2016, against Kanva Fashions Limited.
The claimed default amount is Rs. 114,38,26,770.26 as on 31.03.2022.
The Corporate Debtor's account was classified as NPA on 31.07.2019.
The Financial Creditor had filed an original application before the DRT vide OA No 428/2020, which is pending.
The Corporate Debtor executed collateral security and Letter Evidencing deposit of Title Deed in favour of the Financial Creditor on 29.06.2016.
The properties of the company have been attached by the ED in Original Complaint No.1419 of 2021.
The date of default for various loan tranches is between 01.05.2019 and 31.05.2019.
The petition was filed on 18.08.2022.
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The Company Petition…
The account of the…
Canara Bank filed a petition under Section 7 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Kanva Fashions Limited, claiming a default of Rs. 114,38,26,770.26. The Corporate Debtor's account was classified as NPA on 31.07.2019.
Canara Bank filed a petition under Section 7 of the IBC, 2016, against Kanva Fashions Limited.
The claimed default amount is Rs. 114,38,26,770.26 as on 31.03.2022.
The Corporate Debtor's account was classified as NPA on 31.07.2019.
The Financial Creditor had filed an original application before the DRT vide OA No 428/2020, which is pending.
The Corporate Debtor executed collateral security and Letter Evidencing deposit of Title Deed in favour of the Financial Creditor on 29.06.2016.
The properties of the company have been attached by the ED in Original Complaint No.1419 of 2021.
The date of default for various loan tranches is between 01.05.2019 and 31.05.2019.
The petition was filed on 18.08.2022.
…The Company Petition…
The account of the…