The Sangli District Central Co-operative Bank Limited filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Adityaman Enterprises Private Limited due to default in repayment of a debt amounting to INR 2,80,33,323. The Corporate Debtor had approached the Financial Creditor for a loan, which was sanctioned, and various documents were executed to secure the financial facilities. The date of declaration of NPA is 2023-11-29, and the date of default is 2023-07-31, recorded with NeSL as of 2024-03-28.
Sangli District Central Co-operative Bank Limited (Financial Creditor) filed a petition to initiate Corporate Insolvency Resolution Process (CIRP) against Adityaman Enterprises Private Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016, due to a default of INR 2,80,33,323. The Corporate Debtor had taken a loan from the Financial Creditor, which was sanctioned on 2023-03-29. The Corporate Debtor executed documents, including sanction letters, joint and indenture liability, and a promissory note. The date of declaration of NPA is 2023-11-29, and the date of default is 2023-07-31. The Financial Creditor sent multiple demand notices to the Corporate Debtor, but received no response. The Corporate Debtor failed to appear before the court
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The Sangli District Central Co-operative Bank Limited filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Adityaman Enterprises Private Limited due to default in repayment of a debt amounting to INR 2,80,33,323. The Corporate Debtor had approached the Financial Creditor for a loan, which was sanctioned, and various documents were executed to secure the financial facilities. The date of declaration of NPA is 2023-11-29, and the date of default is 2023-07-31, recorded with NeSL as of 2024-03-28.
Sangli District Central Co-operative Bank Limited (Financial Creditor) filed a petition to initiate Corporate Insolvency Resolution Process (CIRP) against Adityaman Enterprises Private Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016, due to a default of INR 2,80,33,323. The Corporate Debtor had taken a loan from the Financial Creditor, which was sanctioned on 2023-03-29. The Corporate Debtor executed documents, including sanction letters, joint and indenture liability, and a promissory note. The date of declaration of NPA is 2023-11-29, and the date of default is 2023-07-31. The Financial Creditor sent multiple demand notices to the Corporate Debtor, but received no response. The Corporate Debtor failed to appear before the court
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Date of Default…