Canara Bank, as the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Rattan Poultries Pvt Ltd, the Corporate Debtor. The Corporate Debtor was incorporated on 12.05.1999. The Corporate Debtor had a regular account with the petitioner since 2010. In 2015, the Corporate Debtor requested restructuring of loan facilities. The Financial Creditor granted a financial facility of Rs.15,81,99,000/-. In 2018, the Corporate Debtor was further granted a DPN Facility of Rs.100 Lakhs, taking the overall financial facility to Rs.16,81,99,000/-. The Corporate Debtor became irregular in making payments and was classified as Non-Performing Asset on 09.02.2019.
…Canara Bank, the financial creditor, initiated CIRP against M/s Rattan Poultries Pvt Ltd, the corporate debtor, under Section 7 of the IBC. The corporate debtor was incorporated on 12.05.1999. The corporate debtor had a regular account with Canara Bank since 2010. In 2015, the corporate debtor requested restructuring of loan facilities. The financial creditor granted a financial facility of Rs.15,81,99,000/-. In 2018, the corporate debtor was further granted a DPN Facility of Rs.100 Lakhs, taking the overall financial facility to Rs.16,81,99,000/-. The corporate debtor became irregular in making payments and was classified as Non-Performing Asset on 09.02.2019. Proceedings under SARFAESI Act, 2002 were initiated on 12.02.2019 and 29.03.2019. The financial creditor
…Sign in to view the parties.
M/s Rattan Poultries…
The Corporate Debtor…
Canara Bank, as the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Rattan Poultries Pvt Ltd, the Corporate Debtor. The Corporate Debtor was incorporated on 12.05.1999. The Corporate Debtor had a regular account with the petitioner since 2010. In 2015, the Corporate Debtor requested restructuring of loan facilities. The Financial Creditor granted a financial facility of Rs.15,81,99,000/-. In 2018, the Corporate Debtor was further granted a DPN Facility of Rs.100 Lakhs, taking the overall financial facility to Rs.16,81,99,000/-. The Corporate Debtor became irregular in making payments and was classified as Non-Performing Asset on 09.02.2019.
…Canara Bank, the financial creditor, initiated CIRP against M/s Rattan Poultries Pvt Ltd, the corporate debtor, under Section 7 of the IBC. The corporate debtor was incorporated on 12.05.1999. The corporate debtor had a regular account with Canara Bank since 2010. In 2015, the corporate debtor requested restructuring of loan facilities. The financial creditor granted a financial facility of Rs.15,81,99,000/-. In 2018, the corporate debtor was further granted a DPN Facility of Rs.100 Lakhs, taking the overall financial facility to Rs.16,81,99,000/-. The corporate debtor became irregular in making payments and was classified as Non-Performing Asset on 09.02.2019. Proceedings under SARFAESI Act, 2002 were initiated on 12.02.2019 and 29.03.2019. The financial creditor
…M/s Rattan Poultries…
The Corporate Debtor…