Rajtharun Textiles India Pvt Ltd filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP).
Rajtharun Textiles India Pvt Ltd filed an application under Section 10 of the IBC, 2016 for initiating CIRP.
The Corporate Applicant convened an EGM on 11.11.2023 and passed a resolution approving the initiation of CIRP.
Canara Bank is the Financial Creditor with a debt of Rs. 23,19,45,570.26.
The Corporate Applicant owes Rs. 1,35,46,138 and Rs. 24,39,245 to Samunnati Agro Solutions Private Limited.
The Corporate Debtor's account was classified as NPA by Canara Bank on 07.11.2023.
The Corporate Applicant had availed credit facilities from Small Industries Development Bank of India since 2020.
The Corporate Applicant was sanctioned a working capital term loan of Rs. 100 Lakh under ECLGS.
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Corporate Applicant convened an EGM and passed…
Corporate Debtor's…
Rajtharun Textiles India Pvt Ltd filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP).
Rajtharun Textiles India Pvt Ltd filed an application under Section 10 of the IBC, 2016 for initiating CIRP.
The Corporate Applicant convened an EGM on 11.11.2023 and passed a resolution approving the initiation of CIRP.
Canara Bank is the Financial Creditor with a debt of Rs. 23,19,45,570.26.
The Corporate Applicant owes Rs. 1,35,46,138 and Rs. 24,39,245 to Samunnati Agro Solutions Private Limited.
The Corporate Debtor's account was classified as NPA by Canara Bank on 07.11.2023.
The Corporate Applicant had availed credit facilities from Small Industries Development Bank of India since 2020.
The Corporate Applicant was sanctioned a working capital term loan of Rs. 100 Lakh under ECLGS.
…Corporate Applicant convened an EGM and passed…
Corporate Debtor's…