Sudhir Credit Private Limited filed an application to intervene in T.P. No. 160/KB/2024 and initiate Corporate Insolvency Resolution Process (CIRP) against Hanuman Tea Company Limited, which is already in liquidation. Sudhir Credit Private Limited claims to be a secured creditor by virtue of assignment from Bank of Baroda.
The applicant, Sudhir Credit Private Limited, is a secured creditor of Hanuman Tea Company Limited, which is undergoing liquidation.
In 1990, Hanuman Tea Company Limited secured financial assistance from Bank of Baroda through various loan agreements, including a mortgage on assets.
In 2014, Bank of Baroda transferred its rights, title, and interest in the loan agreement to Sudhir Credit Private Limited for Rs. 54.56 crores.
As of December 2024, Sudhir Credit Private Limited's total claim, including interest, amounts to approximately Rs. 307.24 crores.
The petitioning creditor, Pawan Trading Company, has not taken any action in either the High Court or the Tribunal.
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The IRP/RP is required…
Sudhir Credit Private Limited filed an application to intervene in T.P. No. 160/KB/2024 and initiate Corporate Insolvency Resolution Process (CIRP) against Hanuman Tea Company Limited, which is already in liquidation. Sudhir Credit Private Limited claims to be a secured creditor by virtue of assignment from Bank of Baroda.
The applicant, Sudhir Credit Private Limited, is a secured creditor of Hanuman Tea Company Limited, which is undergoing liquidation.
In 1990, Hanuman Tea Company Limited secured financial assistance from Bank of Baroda through various loan agreements, including a mortgage on assets.
In 2014, Bank of Baroda transferred its rights, title, and interest in the loan agreement to Sudhir Credit Private Limited for Rs. 54.56 crores.
As of December 2024, Sudhir Credit Private Limited's total claim, including interest, amounts to approximately Rs. 307.24 crores.
The petitioning creditor, Pawan Trading Company, has not taken any action in either the High Court or the Tribunal.
…Date of the order…
The IRP/RP is required…