HDFC Bank Limited filed a Company Petition (C.P. (IB) No.602/MB/2025) on 17.05.2025 under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Bagh Bahar Appliances Private Limited.
HDFC Bank Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Bagh Bahar Appliances Private Limited.
The total amount claimed to be in default was Rs.64,95,69,884.10/- as of 30.04.2025.
The date of default was 28.12.2023.
The Financial Creditor sanctioned and disbursed various credit facilities to the Corporate Debtor, including Cash Credit Facility, Working Capital Demand Loan, Short Term Loan, and Guaranteed Emergency Credit Line.
The Corporate Debtor executed various financing and security documents in favor of the Financial Creditor.
The Financial Creditor issued a Demand Notice dated 04.06.2024 under Section 13(2) of the SARFAESI Act, 2002, followed by a Recall Notice dated 14.06.2024.
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HDFC Bank Limited filed the Company Petition…
Board Resolution dated 22.11.2023, for…
HDFC Bank Limited filed a Company Petition (C.P. (IB) No.602/MB/2025) on 17.05.2025 under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Bagh Bahar Appliances Private Limited.
HDFC Bank Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Bagh Bahar Appliances Private Limited.
The total amount claimed to be in default was Rs.64,95,69,884.10/- as of 30.04.2025.
The date of default was 28.12.2023.
The Financial Creditor sanctioned and disbursed various credit facilities to the Corporate Debtor, including Cash Credit Facility, Working Capital Demand Loan, Short Term Loan, and Guaranteed Emergency Credit Line.
The Corporate Debtor executed various financing and security documents in favor of the Financial Creditor.
The Financial Creditor issued a Demand Notice dated 04.06.2024 under Section 13(2) of the SARFAESI Act, 2002, followed by a Recall Notice dated 14.06.2024.
…HDFC Bank Limited filed the Company Petition…
Board Resolution dated 22.11.2023, for…