M/S Ankur Enterprises (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Allflex Plastic LLP (Corporate Debtor) for defaulting on an unsecured financial loan of Rs. 1,18,38,668. The loan was sanctioned on 10.03.2025, disbursed between 11.03.2025 and 20.03.2025, with a repayment due date of 31.07.2025. Despite repeated requests via emails and a demand notice, the Corporate Debtor failed to repay. A physical verification by the Financial Creditor also revealed the Corporate Debtor's factory premises were non-operational.
M/S Ankur Enterprises (Financial Creditor) filed a Company Petition under Section 7 of the IBC, 2016, against Allflex Plastic LLP (Corporate Debtor).
The petition seeks repayment of outstanding dues of Rs. 1,18,38,668 against an unsecured loan agreement dated 10.03.2025, with an agreed interest rate of 12% per annum.
Allflex Plastic LLP was incorporated on 26.12.2014, under the provisions of the Limited Liability Partnership Act, 2008.
The Corporate Debtor, through its Designated Partner Mr. Kamalesh Velji Thakkar, approached the Financial Creditor for an unsecured financial loan of Rs. 1,10,00,000 at 12% interest per annum.
The loan was sanctioned via a loan agreement dated 10.03.2025 and disbursed through banking channels between 11.03.2025 and 20.03.2025.
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Allflex Plastic LLP (Corporate Debtor) was…
An unsecured financial loan agreement was…
M/S Ankur Enterprises (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Allflex Plastic LLP (Corporate Debtor) for defaulting on an unsecured financial loan of Rs. 1,18,38,668. The loan was sanctioned on 10.03.2025, disbursed between 11.03.2025 and 20.03.2025, with a repayment due date of 31.07.2025. Despite repeated requests via emails and a demand notice, the Corporate Debtor failed to repay. A physical verification by the Financial Creditor also revealed the Corporate Debtor's factory premises were non-operational.
M/S Ankur Enterprises (Financial Creditor) filed a Company Petition under Section 7 of the IBC, 2016, against Allflex Plastic LLP (Corporate Debtor).
The petition seeks repayment of outstanding dues of Rs. 1,18,38,668 against an unsecured loan agreement dated 10.03.2025, with an agreed interest rate of 12% per annum.
Allflex Plastic LLP was incorporated on 26.12.2014, under the provisions of the Limited Liability Partnership Act, 2008.
The Corporate Debtor, through its Designated Partner Mr. Kamalesh Velji Thakkar, approached the Financial Creditor for an unsecured financial loan of Rs. 1,10,00,000 at 12% interest per annum.
The loan was sanctioned via a loan agreement dated 10.03.2025 and disbursed through banking channels between 11.03.2025 and 20.03.2025.
…Allflex Plastic LLP (Corporate Debtor) was…
An unsecured financial loan agreement was…