J And K Integrated Textile Park Limited (Financial Creditor), a Special Purpose Vehicle for the SITP scheme, filed a Section 7 petition under the IBC against SILKLON SYNTHETIC PRIVATE LIMITED (Corporate Debtor) due to defaults on unsecured loans provided for factory construction and lease rent.
J And K Integrated Textile Park Limited (Financial Creditor) is a Special Purpose Vehicle incorporated to implement the Scheme for Integrated Textiles Park (SITP) launched by the Government of India, Ministry of Textiles, in 2005.
J&K State Industrial Development Corporation Limited (JKSIDCO) granted a lease of 200 Kanals of land at Industrial Estate, Kathua, in favour of the Financial Creditor by Lease Deed dated 22.03.2012, for a period of 90 years.
The Financial Creditor paid a premium of Rs. 3,00,00,000/- along with advance ground rent for the lease.
A Memorandum of Agreement was executed with the Government of India for the development of the project.
…Sign in to view the parties.
Scheme for Integrated Textiles Park (SITP)…
JKSIDCO granted a 90-year lease of 200 Kanals…
J And K Integrated Textile Park Limited (Financial Creditor), a Special Purpose Vehicle for the SITP scheme, filed a Section 7 petition under the IBC against SILKLON SYNTHETIC PRIVATE LIMITED (Corporate Debtor) due to defaults on unsecured loans provided for factory construction and lease rent.
J And K Integrated Textile Park Limited (Financial Creditor) is a Special Purpose Vehicle incorporated to implement the Scheme for Integrated Textiles Park (SITP) launched by the Government of India, Ministry of Textiles, in 2005.
J&K State Industrial Development Corporation Limited (JKSIDCO) granted a lease of 200 Kanals of land at Industrial Estate, Kathua, in favour of the Financial Creditor by Lease Deed dated 22.03.2012, for a period of 90 years.
The Financial Creditor paid a premium of Rs. 3,00,00,000/- along with advance ground rent for the lease.
A Memorandum of Agreement was executed with the Government of India for the development of the project.
…Scheme for Integrated Textiles Park (SITP)…
JKSIDCO granted a 90-year lease of 200 Kanals…