Kerala State Industrial Development Corporation Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Accurarch Acrylics Private Limited for initiating the Corporate Insolvency Resolution Process (CIRP). The claim was for Rs. 10,06,29,063/- as on 31.05.2024.
Kerala State Industrial Development Corporation Limited filed a petition under Section 7 of IBC against Accurarch Acrylics Private Limited.
The total amount claimed to be in default is Rs. 10,06,29,063/- as on 31.05.2024.
The Corporate Debtor was incorporated on 18.05.2009.
The Financial Creditor sanctioned a term loan of Rs. 290 lakhs to the Corporate Debtor on 10.12.2011.
The Financial Creditor stated that the date of NPA is 28.09.2014.
The Corporate Debtor acknowledged the debt in its Financial Statements and Notes to Accounts.
The Financial Creditor issued a Revenue Recovery Requisition in July 2016.
National E-Governance Services Ltd. (NeSL) issued a Record of Default (RoD) to the Applicant.
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Kerala State Industrial Development Corporation…
Order of the court…
Kerala State Industrial Development Corporation Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Accurarch Acrylics Private Limited for initiating the Corporate Insolvency Resolution Process (CIRP). The claim was for Rs. 10,06,29,063/- as on 31.05.2024.
Kerala State Industrial Development Corporation Limited filed a petition under Section 7 of IBC against Accurarch Acrylics Private Limited.
The total amount claimed to be in default is Rs. 10,06,29,063/- as on 31.05.2024.
The Corporate Debtor was incorporated on 18.05.2009.
The Financial Creditor sanctioned a term loan of Rs. 290 lakhs to the Corporate Debtor on 10.12.2011.
The Financial Creditor stated that the date of NPA is 28.09.2014.
The Corporate Debtor acknowledged the debt in its Financial Statements and Notes to Accounts.
The Financial Creditor issued a Revenue Recovery Requisition in July 2016.
National E-Governance Services Ltd. (NeSL) issued a Record of Default (RoD) to the Applicant.
…Kerala State Industrial Development Corporation…
Order of the court…