The application was filed by M/s Pipe Field India Private Limited, the Corporate Debtor, under Section 10 of the Insolvency & Bankruptcy Code, 2016, read with Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating the Corporate Insolvency Resolution Process.
The Corporate Debtor, Pipe Field India Private Limited, filed an application under Section 10 of the IBC for initiating CIRP.
The Corporate Debtor's Corporate Identification Number is U28110KL2013PTC033705.
The total amount of default towards financial creditors is Rs. 18,47,35,694/- and towards operational creditors is Rs. 2,00,25,246/-.
The default committed by the Corporate Debtor led to its loan accounts becoming NPA on 02.04.2019.
The Financial Creditor, State Bank of India, issued a demand notice under Section 13(2) of the SARFAESI Act on 13.11.2024.
The total liability of the Corporate Debtor as on 15.07.2025 is Rs. 60,38,19,914.00.
The Corporate Debtor has proposed the name of Mr. K.P. Dileep as the Interim Resolution Professional.
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The loan accounts of…
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The application was filed by M/s Pipe Field India Private Limited, the Corporate Debtor, under Section 10 of the Insolvency & Bankruptcy Code, 2016, read with Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating the Corporate Insolvency Resolution Process.
The Corporate Debtor, Pipe Field India Private Limited, filed an application under Section 10 of the IBC for initiating CIRP.
The Corporate Debtor's Corporate Identification Number is U28110KL2013PTC033705.
The total amount of default towards financial creditors is Rs. 18,47,35,694/- and towards operational creditors is Rs. 2,00,25,246/-.
The default committed by the Corporate Debtor led to its loan accounts becoming NPA on 02.04.2019.
The Financial Creditor, State Bank of India, issued a demand notice under Section 13(2) of the SARFAESI Act on 13.11.2024.
The total liability of the Corporate Debtor as on 15.07.2025 is Rs. 60,38,19,914.00.
The Corporate Debtor has proposed the name of Mr. K.P. Dileep as the Interim Resolution Professional.
…The loan accounts of…
The Financial Creditor…