Suvarna Karnataka Cements Private Limited 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 stated that it was incorporated on November 6, 2006, with its registered office in Bangalore. The company's board of directors authorized Mr. Virendra Bagle to file the application. The Corporate Debtor is in default for more than 6 years, with a total sum due to Financial Creditors of Rs.41.22 Crores.
Suvarna Karnataka Cements Private Limited filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process. The company was incorporated on November 6, 2006, with a registered office in Bangalore. The company's authorized share capital is Rs.2,00,00,000. The company is in default for more than 6 years, with a total debt of Rs.41.22 Crores owed to financial creditors. The company has three financial creditors: SVC Cooperative Bank, SREI Equipment Finance Limited, and L&T Fincorp Limited. SVC Cooperative Bank assigned its financial assets to Reliance Asset Reconstruction Company Limited. The Board of Directors authorized Mr. Virendra Bagle to file the application. Mr. Sandeep Kumar Gupta is
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Suvarna Karnataka…
SVC Cooperative Bank assigned its financial…
Suvarna Karnataka Cements Private Limited 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 stated that it was incorporated on November 6, 2006, with its registered office in Bangalore. The company's board of directors authorized Mr. Virendra Bagle to file the application. The Corporate Debtor is in default for more than 6 years, with a total sum due to Financial Creditors of Rs.41.22 Crores.
Suvarna Karnataka Cements Private Limited filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process. The company was incorporated on November 6, 2006, with a registered office in Bangalore. The company's authorized share capital is Rs.2,00,00,000. The company is in default for more than 6 years, with a total debt of Rs.41.22 Crores owed to financial creditors. The company has three financial creditors: SVC Cooperative Bank, SREI Equipment Finance Limited, and L&T Fincorp Limited. SVC Cooperative Bank assigned its financial assets to Reliance Asset Reconstruction Company Limited. The Board of Directors authorized Mr. Virendra Bagle to file the application. Mr. Sandeep Kumar Gupta is
…Suvarna Karnataka…
SVC Cooperative Bank assigned its financial…