M/s Ranisagar Cement Company Ltd. filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process (CIRP). The company itself is the Corporate Debtor and the Applicant.
M/s Ranisagar Cement Company Ltd. filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016.
The company was incorporated on 13.09.1991 under the Companies Act, 1956.
The company took a secured loan of Rs. 140 lakhs from State Bank of India erstwhile State Bank of Hyderabad.
The company's expansion project could not be implemented, leading to a halt in operations.
The company was declared a non-performing asset in 2002 by the State Bank of Hyderabad.
The Bank filed a suit for recovery with the Debt Recovery Tribunal (DRT), Jaipur.
The DRT auctioned the company's assets in 2007-08 for Rs. 136 lakhs.
The Corporate Applicant has written off outstanding liabilities in Financial Year 2020-21.
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The company was…
The company was declared a non-performing…
M/s Ranisagar Cement Company Ltd. filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process (CIRP). The company itself is the Corporate Debtor and the Applicant.
M/s Ranisagar Cement Company Ltd. filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016.
The company was incorporated on 13.09.1991 under the Companies Act, 1956.
The company took a secured loan of Rs. 140 lakhs from State Bank of India erstwhile State Bank of Hyderabad.
The company's expansion project could not be implemented, leading to a halt in operations.
The company was declared a non-performing asset in 2002 by the State Bank of Hyderabad.
The Bank filed a suit for recovery with the Debt Recovery Tribunal (DRT), Jaipur.
The DRT auctioned the company's assets in 2007-08 for Rs. 136 lakhs.
The Corporate Applicant has written off outstanding liabilities in Financial Year 2020-21.
…The company was…
The company was declared a non-performing…