M/s Basandrai Bottlers Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking commencement of the Corporate Insolvency Resolution Process (CIRP) due to an admitted financial default.
M/s Basandrai Bottlers Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Debtor's application stated an admitted financial default aggregating to ₹1,80,31,404/-.
The Corporate Applicant is a private limited company incorporated on 02.12.1992.
The Corporate Debtor availed financial assistance from The Himachal Pradesh State Co-operative Bank Ltd., Nerchowk on 23.11.2009.
The loan account was classified as Non-Performing Asset (NPA) as on 31.08.2019.
A notice dated 27.04.2022 under Section 13(2) of the SARFAESI Act was issued by the Financial Creditor.
A Possession Notice dated 13.02.2024 under Section 13(4) of the SARFAESI Act was also issued.
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The Corporate Applicant…
The Corporate Debtor availed financial…
M/s Basandrai Bottlers Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking commencement of the Corporate Insolvency Resolution Process (CIRP) due to an admitted financial default.
M/s Basandrai Bottlers Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Debtor's application stated an admitted financial default aggregating to ₹1,80,31,404/-.
The Corporate Applicant is a private limited company incorporated on 02.12.1992.
The Corporate Debtor availed financial assistance from The Himachal Pradesh State Co-operative Bank Ltd., Nerchowk on 23.11.2009.
The loan account was classified as Non-Performing Asset (NPA) as on 31.08.2019.
A notice dated 27.04.2022 under Section 13(2) of the SARFAESI Act was issued by the Financial Creditor.
A Possession Notice dated 13.02.2024 under Section 13(4) of the SARFAESI Act was also issued.
…The Corporate Applicant…
The Corporate Debtor availed financial…