Shri Salasar Agro Processors, a non-banking financial company, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Unique Agro Processors due to a default in repayment of a debt amounting to INR 3,51,77,439.00. The debt was due as of December 31, 2023, with the date of default being January 10, 2024. The Financial Creditor claims that the Corporate Debtor has acknowledged the debt over several financial years. The Corporate Debtor acknowledged the ramifications of the financial crisis, which have left it unable to fulfill its outstanding debt obligations.
Shri Salasar Agro Processors, a non-banking financial company, filed a company petition to initiate Corporate Insolvency Resolution Process (CIRP) against Unique Agro Processors India Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The financial creditor claimed a default in repayment of outstanding debt amounting to Rs. 3,51,77,439.00, which was due on 31.12.2023, with the date of default being 10.01.2024. The financial creditor was incorporated on 07.09.2013. The Corporate Debtor was declared a sick industrial company under Section 3(1)(o) of the Sick Industrial Companies (Special Provisions) Act, 1985. The Corporate Debtor acknowledged the debt from Financial Year 2013-14 to 2022-23. The Corporate Debtor offered a settlement of Rs. 1,50,00,000 via
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The Financial Creditor,…
Unique Agro Processors was declared a sick…
Shri Salasar Agro Processors, a non-banking financial company, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Unique Agro Processors due to a default in repayment of a debt amounting to INR 3,51,77,439.00. The debt was due as of December 31, 2023, with the date of default being January 10, 2024. The Financial Creditor claims that the Corporate Debtor has acknowledged the debt over several financial years. The Corporate Debtor acknowledged the ramifications of the financial crisis, which have left it unable to fulfill its outstanding debt obligations.
Shri Salasar Agro Processors, a non-banking financial company, filed a company petition to initiate Corporate Insolvency Resolution Process (CIRP) against Unique Agro Processors India Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The financial creditor claimed a default in repayment of outstanding debt amounting to Rs. 3,51,77,439.00, which was due on 31.12.2023, with the date of default being 10.01.2024. The financial creditor was incorporated on 07.09.2013. The Corporate Debtor was declared a sick industrial company under Section 3(1)(o) of the Sick Industrial Companies (Special Provisions) Act, 1985. The Corporate Debtor acknowledged the debt from Financial Year 2013-14 to 2022-23. The Corporate Debtor offered a settlement of Rs. 1,50,00,000 via
…The Financial Creditor,…
Unique Agro Processors was declared a sick…