SECL Industries Pvt. Ltd. filed a petition under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The company, registered in Bathinda, Punjab, declared itself as a Corporate Debtor-Applicant. The application was filed in Form No.6 as prescribed under Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The corporate debtor proposed Mr. Alok Kaushik as the Interim Resolution Professional (IRP). The company's financial difficulties included defaults to financial creditors like Punjab National Bank, HDFC Bank Ltd., and AXIS Bank Ltd., as well as operational creditors. The account of the corporate debtor was declared as NPA by all the 3 Banks who are
…SECL Industries Pvt. Ltd., a company registered in Bathinda, Punjab, filed an application under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate the Corporate Insolvency Resolution Process (CIRP). The company declared itself as a Corporate Debtor-Applicant. The application was filed in Form No.6 as prescribed under Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The corporate debtor proposed Mr. Alok Kaushik as the Interim Resolution Professional (IRP). The company's financial difficulties included defaults to financial creditors like Punjab National Bank (owed ₹99,42,45,461.25), HDFC Bank Ltd. (owed ₹23,47,47,609.80), and AXIS Bank Ltd. (owed ₹2,22,45,939). The total debt in default towards
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SECL Industri…
Amount of default in respect of Cash Credit…
SECL Industries Pvt. Ltd. filed a petition under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The company, registered in Bathinda, Punjab, declared itself as a Corporate Debtor-Applicant. The application was filed in Form No.6 as prescribed under Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The corporate debtor proposed Mr. Alok Kaushik as the Interim Resolution Professional (IRP). The company's financial difficulties included defaults to financial creditors like Punjab National Bank, HDFC Bank Ltd., and AXIS Bank Ltd., as well as operational creditors. The account of the corporate debtor was declared as NPA by all the 3 Banks who are
…SECL Industries Pvt. Ltd., a company registered in Bathinda, Punjab, filed an application under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate the Corporate Insolvency Resolution Process (CIRP). The company declared itself as a Corporate Debtor-Applicant. The application was filed in Form No.6 as prescribed under Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The corporate debtor proposed Mr. Alok Kaushik as the Interim Resolution Professional (IRP). The company's financial difficulties included defaults to financial creditors like Punjab National Bank (owed ₹99,42,45,461.25), HDFC Bank Ltd. (owed ₹23,47,47,609.80), and AXIS Bank Ltd. (owed ₹2,22,45,939). The total debt in default towards
…SECL Industri…
Amount of default in respect of Cash Credit…