Kotak Mahindra Bank Limited, a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s. Krriyan Kontainers Private Limited, a Corporate Guarantor. The petition sought to initiate Corporate Insolvency Resolution Process (CIRP) due to a default on a debt of Rs.9,99,66,071/20. This debt arose from financial facilities extended to a principal borrower, M/s. Attharv Sai Flexipack Private Limited, for which Krriyan Kontainers Private Limited had provided a corporate guarantee. The principal borrower's account was declared a Non-Performing Asset (NPA) on 09.06.2025, and the guarantees were invoked.
Kotak Mahindra Bank Limited (Petitioner/Financial Creditor) filed a petition under Section 7 of the IBC, 2016.
The petition was filed against M/s. Krriyan Kontainers Private Limited (Respondent/Corporate Guarantor).
The petition sought initiation of CIRP for a default in paying a debt of Rs.9,99,66,071/20, comprising principal and interest.
The date of default was 05.12.2025.
The Petitioner is a Banking Company incorporated under the Companies Act, 1956, and governed by the Banking Regulations Act.
The petition was filed on 02.03.2026 by Ms. Ishani Mukherjee, Manager, authorized by a Board Resolution dated 10.03.2026.
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Sanctioned letter for financial facility issued…
Deed of guarantee…
Kotak Mahindra Bank Limited, a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s. Krriyan Kontainers Private Limited, a Corporate Guarantor. The petition sought to initiate Corporate Insolvency Resolution Process (CIRP) due to a default on a debt of Rs.9,99,66,071/20. This debt arose from financial facilities extended to a principal borrower, M/s. Attharv Sai Flexipack Private Limited, for which Krriyan Kontainers Private Limited had provided a corporate guarantee. The principal borrower's account was declared a Non-Performing Asset (NPA) on 09.06.2025, and the guarantees were invoked.
Kotak Mahindra Bank Limited (Petitioner/Financial Creditor) filed a petition under Section 7 of the IBC, 2016.
The petition was filed against M/s. Krriyan Kontainers Private Limited (Respondent/Corporate Guarantor).
The petition sought initiation of CIRP for a default in paying a debt of Rs.9,99,66,071/20, comprising principal and interest.
The date of default was 05.12.2025.
The Petitioner is a Banking Company incorporated under the Companies Act, 1956, and governed by the Banking Regulations Act.
The petition was filed on 02.03.2026 by Ms. Ishani Mukherjee, Manager, authorized by a Board Resolution dated 10.03.2026.
…Sanctioned letter for financial facility issued…
Deed of guarantee…