The application was filed by M/s Hygeia Fruit and Vegetable Processors Private Limited under Section 10 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking initiation of the Corporate Insolvency Resolution Process.
M/s Hygeia Fruit and Vegetable Processors Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Debtor sought initiation of CIRP due to an admitted default in repayment of financial debt amounting to Rs. 27,78,16,547/-.
The Corporate Debtor is a private limited company engaged in the business of processing and preservation of fruits and vegetables, incorporated on 23.05.1995.
The Corporate Debtor had availed secured financial assistance from The Himachal Pradesh State Co-operative Bank Ltd.
The loan account was classified as a Non-Performing Asset (NPA) on 31.08.2019.
The Financial Creditor initiated recovery proceedings under the SARFAESI Act and issued a Demand Notice dated 27.04.2022.
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Loan account classified…
Financial Creditor…
The application was filed by M/s Hygeia Fruit and Vegetable Processors Private Limited under Section 10 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking initiation of the Corporate Insolvency Resolution Process.
M/s Hygeia Fruit and Vegetable Processors Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Debtor sought initiation of CIRP due to an admitted default in repayment of financial debt amounting to Rs. 27,78,16,547/-.
The Corporate Debtor is a private limited company engaged in the business of processing and preservation of fruits and vegetables, incorporated on 23.05.1995.
The Corporate Debtor had availed secured financial assistance from The Himachal Pradesh State Co-operative Bank Ltd.
The loan account was classified as a Non-Performing Asset (NPA) on 31.08.2019.
The Financial Creditor initiated recovery proceedings under the SARFAESI Act and issued a Demand Notice dated 27.04.2022.
…Loan account classified…
Financial Creditor…