The Hongkong and Shanghai Banking Corporation Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Mahara Pushya Agri Products Private Limited due to default in payment of a total outstanding amount of Rs. 10,37,21,071.12.
The Hongkong and Shanghai Banking Corporation Limited filed a petition under Section 7 of the IBC, 2016.
Mahara Pushya Agri Products Private Limited defaulted on a payment of Rs. 10,37,21,071.12.
The date of default was stated as 16.06.2024, when the loan account was classified as NPA.
The Corporate Debtor availed credit facilities from the Financial Creditor, including Overdraft, Working Capital Demand Loan, Guarantee/Bonds facility and Loan against Property.
The Corporate Debtor executed various security documents in favor of the Financial Creditor, including a Facility Agreement, Deed of Hypothecation, and Deed of Lien.
The Corporate Debtor acknowledged its liability in a Settlement Agreement dated 15.09.2025.
…Sign in to view the parties.
The loan account of the…
The Corporate Debtor…
The Hongkong and Shanghai Banking Corporation Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Mahara Pushya Agri Products Private Limited due to default in payment of a total outstanding amount of Rs. 10,37,21,071.12.
The Hongkong and Shanghai Banking Corporation Limited filed a petition under Section 7 of the IBC, 2016.
Mahara Pushya Agri Products Private Limited defaulted on a payment of Rs. 10,37,21,071.12.
The date of default was stated as 16.06.2024, when the loan account was classified as NPA.
The Corporate Debtor availed credit facilities from the Financial Creditor, including Overdraft, Working Capital Demand Loan, Guarantee/Bonds facility and Loan against Property.
The Corporate Debtor executed various security documents in favor of the Financial Creditor, including a Facility Agreement, Deed of Hypothecation, and Deed of Lien.
The Corporate Debtor acknowledged its liability in a Settlement Agreement dated 15.09.2025.
…The loan account of the…
The Corporate Debtor…