UCO Bank filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Haridra Vintrade Private Limited, seeking initiation of CIRP due to outstanding dues of Rs. 2,59,72,349.97.
UCO Bank, the Financial Creditor, filed a petition under Section 7 of the IBC against Haridra Vintrade Private Limited.
The Corporate Debtor defaulted on a payment of Rs. 2,59,72,349.97 as of 30.03.2023.
The Corporate Debtor's account was classified as NPA on 30.03.2023.
The Financial Creditor had sanctioned a Working Capital Limit of Rs 2,50,00,000/- to the Corporate Debtor.
The Financial Creditor relied on various documents, including a Sanction Letter, Statement of Account, Registration of Charge, and Resolution and Security documents.
The Adjudicating Authority directed the Financial Creditor to file an affidavit regarding the correctness of the address of the Corporate Debtor.
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The Corporate Debtor…
Financial Creditor…
UCO Bank filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Haridra Vintrade Private Limited, seeking initiation of CIRP due to outstanding dues of Rs. 2,59,72,349.97.
UCO Bank, the Financial Creditor, filed a petition under Section 7 of the IBC against Haridra Vintrade Private Limited.
The Corporate Debtor defaulted on a payment of Rs. 2,59,72,349.97 as of 30.03.2023.
The Corporate Debtor's account was classified as NPA on 30.03.2023.
The Financial Creditor had sanctioned a Working Capital Limit of Rs 2,50,00,000/- to the Corporate Debtor.
The Financial Creditor relied on various documents, including a Sanction Letter, Statement of Account, Registration of Charge, and Resolution and Security documents.
The Adjudicating Authority directed the Financial Creditor to file an affidavit regarding the correctness of the address of the Corporate Debtor.
…The Corporate Debtor…
Financial Creditor…