Hi-Tech Designs Pvt Ltd (Financial Creditor No. 1) disbursed a loan of Rs. 1,00,00,000/- to Sri Sai Car Sales Private Limited (Corporate Debtor) on February 25, 2021, with an interest rate of 16% per annum and an additional 2% as penal interest in case of delay.

S. K. Finserve Private Limited (Financial Creditor No. 2) disbursed a loan of Rs. 60,00,000/- to Union Motors, with Sri Sai Car Sales Private Limited acting as a corporate guarantor, with an interest rate of 18.5% P.A. and a penal interest of 4% P.A.

Sri Sai Car Sales Private Limited defaulted in repayment of the loan to Hi-Tech Designs Pvt Ltd from April 1, 2022, with an outstanding amount of Rs. 87,17,049/-.

Hi-Tech Designs Pvt Ltd (Financial Creditor No. 1) disbursed a loan of Rs. 1,00,00,000/- to Sri Sai Car Sales Private Limited (Corporate Debtor) on February 25, 2021, with an interest rate of 16% per annum and an additional 2% as penal interest in case of delay.

S. K. Finserve Private Limited (Financial Creditor No. 2) disbursed a loan of Rs. 60,00,000/- to Union Motors, with Sri Sai Car Sales Private Limited acting as a corporate guarantor, with an interest rate of 18.5% P.A. and a penal interest of 4% P.A.

Sri Sai Car Sales Private Limited defaulted in repayment of the loan to Hi-Tech Designs Pvt Ltd from April 1, 2022, with an outstanding amount of Rs. 87,17,049/-.