Bank of Baroda, the Financial Creditor (FC), filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Kakan Rice Mill Private Limited, the Corporate Debtor (CD).
Bank of Baroda filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Kakan Rice Mill Private Limited.
The Corporate Debtor is a private limited company incorporated on 20th July, 1908.
The total amount claimed to be due to the Financial Creditor is ₹22,82,72,314.17, with the date of default mentioned as 22nd December, 2022.
The Financial Creditor sanctioned credit facilities to the Corporate Debtor on 05th April 2013.
The Corporate Debtor defaulted in repayment despite restructuring efforts.
The Financial Creditor issued a demand notice under Section 13(2) of the SARFAESI Act, 2002.
The Financial Creditor filed an Original Application before the DRT, Patna, which was allowed, and a recovery certificate was issued.
…Sign in to view the parties.
Mr. Bhupendra Singh and Mr. Ranvijay Singh…
The Financial Creditor intimated the directors…
Bank of Baroda, the Financial Creditor (FC), filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Kakan Rice Mill Private Limited, the Corporate Debtor (CD).
Bank of Baroda filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Kakan Rice Mill Private Limited.
The Corporate Debtor is a private limited company incorporated on 20th July, 1908.
The total amount claimed to be due to the Financial Creditor is ₹22,82,72,314.17, with the date of default mentioned as 22nd December, 2022.
The Financial Creditor sanctioned credit facilities to the Corporate Debtor on 05th April 2013.
The Corporate Debtor defaulted in repayment despite restructuring efforts.
The Financial Creditor issued a demand notice under Section 13(2) of the SARFAESI Act, 2002.
The Financial Creditor filed an Original Application before the DRT, Patna, which was allowed, and a recovery certificate was issued.
…Mr. Bhupendra Singh and Mr. Ranvijay Singh…
The Financial Creditor intimated the directors…