UCO Bank, as a Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s Shaivlini Impex Private Limited, the Corporate Debtor. The Corporate Debtor acted as a Corporate Guarantor for M/s Nandini Impex Private Limited, the Principal Borrower. Credit facilities were sanctioned to the Principal Borrower in 2001, renewed/restructured in 2012. The Principal Borrower's loan account was classified as a Non-Performing Asset (NPA) on 30.09.2012, with a total debt of Rs. 4,52,08,22,525.31/- due as of 31.10.2020. A notice under Section 13(2) of the SARFAESI Act was issued to both the Principal Borrower and the Corporate Debtor on 01.10.2020. The CIRP of the Principal Borrower was already admitted on 20.09.2022. The
…UCO Bank (Financial Creditor) filed a Company Petition under Section 7 of the IBC, 2016, against M/s Shaivlini Impex Pvt. Ltd. (Corporate Debtor).
M/s Shaivlini Impex Pvt. Ltd. is a Corporate Guarantor for M/s Nandini Impex Pvt. Ltd., the Principal Borrower.
Credit facilities were sanctioned to the Principal Borrower since 2001 and were last renewed/restructured on 28.06.2012 and 28.09.2012.
The Corporate Debtor executed a Letter/Deed of Guarantee dated 28.09.2012 in favour of the Financial Creditor.
The loan account of the Principal Borrower was classified as Non-Performing Asset (NPA) on 30.09.2012.
The total debt due and payable as on 31.10.2020 is Rs. 4,52,08,22,525.31/-.
…Sign in to view the parties.
Credit facilities were sanctioned to the…
Credit facilities were…
UCO Bank, as a Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s Shaivlini Impex Private Limited, the Corporate Debtor. The Corporate Debtor acted as a Corporate Guarantor for M/s Nandini Impex Private Limited, the Principal Borrower. Credit facilities were sanctioned to the Principal Borrower in 2001, renewed/restructured in 2012. The Principal Borrower's loan account was classified as a Non-Performing Asset (NPA) on 30.09.2012, with a total debt of Rs. 4,52,08,22,525.31/- due as of 31.10.2020. A notice under Section 13(2) of the SARFAESI Act was issued to both the Principal Borrower and the Corporate Debtor on 01.10.2020. The CIRP of the Principal Borrower was already admitted on 20.09.2022. The
…UCO Bank (Financial Creditor) filed a Company Petition under Section 7 of the IBC, 2016, against M/s Shaivlini Impex Pvt. Ltd. (Corporate Debtor).
M/s Shaivlini Impex Pvt. Ltd. is a Corporate Guarantor for M/s Nandini Impex Pvt. Ltd., the Principal Borrower.
Credit facilities were sanctioned to the Principal Borrower since 2001 and were last renewed/restructured on 28.06.2012 and 28.09.2012.
The Corporate Debtor executed a Letter/Deed of Guarantee dated 28.09.2012 in favour of the Financial Creditor.
The loan account of the Principal Borrower was classified as Non-Performing Asset (NPA) on 30.09.2012.
The total debt due and payable as on 31.10.2020 is Rs. 4,52,08,22,525.31/-.
…Credit facilities were sanctioned to the…
Credit facilities were…