Saicon Steels Pvt. Ltd. filed a Company Petition 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, for initiating the Corporate Insolvency Resolution Process. The Corporate Debtor disclosed that it is in default of ₹29,25,60,679/- to Financial Creditors and ₹1,15,95,854/- to Operational Creditors. The Corporate Debtor's registered office is located in Mumbai, and it was incorporated on 11.12.2003. The Board of Directors authorized Mr. Shyam Sunder Vishwanath Agarwal to file the necessary application under the Code.
Saicon Steels Pvt. Ltd. filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process. The company's registered office is in Mumbai, and it was incorporated on 11.12.2003. The company disclosed that it owes ₹29,25,60,679/- to Financial Creditors and ₹1,15,95,854/- to Operational Creditors, indicating a state of default. The Board of Directors authorized Mr. Shyam Sunder Vishwanath Agarwal to file the application. The petition included a sanction letter from Canara Bank dated 10.10.2011, sanctioning a cash credit of ₹20 crores, and a certificate of registration of modification of charge under Sections 132 and 135 of the Companies Act, 2013. The Corporate Debtor also enclosed documents such
…Sign in to view the parties.
Saicon Steels P…
Canara Bank sanctioned…
Saicon Steels Pvt. Ltd. filed a Company Petition 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, for initiating the Corporate Insolvency Resolution Process. The Corporate Debtor disclosed that it is in default of ₹29,25,60,679/- to Financial Creditors and ₹1,15,95,854/- to Operational Creditors. The Corporate Debtor's registered office is located in Mumbai, and it was incorporated on 11.12.2003. The Board of Directors authorized Mr. Shyam Sunder Vishwanath Agarwal to file the necessary application under the Code.
Saicon Steels Pvt. Ltd. filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process. The company's registered office is in Mumbai, and it was incorporated on 11.12.2003. The company disclosed that it owes ₹29,25,60,679/- to Financial Creditors and ₹1,15,95,854/- to Operational Creditors, indicating a state of default. The Board of Directors authorized Mr. Shyam Sunder Vishwanath Agarwal to file the application. The petition included a sanction letter from Canara Bank dated 10.10.2011, sanctioning a cash credit of ₹20 crores, and a certificate of registration of modification of charge under Sections 132 and 135 of the Companies Act, 2013. The Corporate Debtor also enclosed documents such
…Saicon Steels P…
Canara Bank sanctioned…