Central Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Zenith Erectors P.LTD to initiate a corporate insolvency resolution process.
The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016.
Zenith Erectors P.LTD was incorporated on July 22, 1998, and is involved in the manufacture of structural metal products, tanks, reservoirs, and steam generators.
Central Bank of India sanctioned credit limits to Zenith Erectors P.LTD initially in 2001, which were last enhanced on 21.12.2012.
The account of Zenith Erectors P.LTD became irregular and was treated as a Special Mention Account (SMA 0) on 06.03.2013 and was classified as Non-Performing Asset (NPA) on 04.06.2013.
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Central Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Zenith Erectors P.LTD to initiate a corporate insolvency resolution process.
The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016.
Zenith Erectors P.LTD was incorporated on July 22, 1998, and is involved in the manufacture of structural metal products, tanks, reservoirs, and steam generators.
Central Bank of India sanctioned credit limits to Zenith Erectors P.LTD initially in 2001, which were last enhanced on 21.12.2012.
The account of Zenith Erectors P.LTD became irregular and was treated as a Special Mention Account (SMA 0) on 06.03.2013 and was classified as Non-Performing Asset (NPA) on 04.06.2013.
…The order…
Matter posted for…