Union Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s Heera-Ind Trading Private Limited, seeking the commencement of CIRP.
Union Bank of India, the Financial Creditor, filed an application under Section 7 of the IBC against Heera-Ind Trading Private Limited, the Corporate Debtor.
The Financial Creditor claimed a total amount of Rs. 65,56,15,020.85/- in default, comprising principal and interest.
The Corporate Debtor's account was classified as NPA on 16.04.2023.
The Financial Creditor had sanctioned a cash credit limit and a term loan to the Corporate Debtor.
The Corporate Debtor argued that its account was irregular due to the COVID-19 pandemic and that the date of default was incorrect.
The Financial Creditor submitted NeSL records of default in Form-D, which were authenticated.
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Copy of the Sanction…
Copy of the 13(2)…
Union Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s Heera-Ind Trading Private Limited, seeking the commencement of CIRP.
Union Bank of India, the Financial Creditor, filed an application under Section 7 of the IBC against Heera-Ind Trading Private Limited, the Corporate Debtor.
The Financial Creditor claimed a total amount of Rs. 65,56,15,020.85/- in default, comprising principal and interest.
The Corporate Debtor's account was classified as NPA on 16.04.2023.
The Financial Creditor had sanctioned a cash credit limit and a term loan to the Corporate Debtor.
The Corporate Debtor argued that its account was irregular due to the COVID-19 pandemic and that the date of default was incorrect.
The Financial Creditor submitted NeSL records of default in Form-D, which were authenticated.
…Copy of the Sanction…
Copy of the 13(2)…