Canara Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Mitsom Enterprises Pvt. Ltd., the Corporate Debtor, due to a default of Rs. 73,69,54,303.34/-. The applicant proposed Mr. Pankaj Sham Joshi as the Interim Resolution Professional (IRP).
Canara Bank filed an application under Section 7 of the IBC to initiate CIRP against M/s. Mitsom Enterprises Pvt. Ltd.
The total amount claimed to be in default by the Applicant is Rs. 73,69,54,303.34/-.
The Applicant sanctioned Business Loan Credit Facilities (Open Cash Credit) aggregating to an amount of Rs. 20,00,00,000/-.
The Corporate Debtor (CD) deposited money in their loan account on 31.07.2018, 22.02.2019 and 08.03.2021.
The Applicant issued a notice to the CD vide letter dated 17.12.2024 demanding to pay the outstanding dues amounting to Rs. 76,68,67,016.34/- as on 16.12.2024.
The date of default is mentioned as 28.09.2017 as per the NeSL record of default (Form-D).
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Canara Bank fi…
The date of default is…
Canara Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Mitsom Enterprises Pvt. Ltd., the Corporate Debtor, due to a default of Rs. 73,69,54,303.34/-. The applicant proposed Mr. Pankaj Sham Joshi as the Interim Resolution Professional (IRP).
Canara Bank filed an application under Section 7 of the IBC to initiate CIRP against M/s. Mitsom Enterprises Pvt. Ltd.
The total amount claimed to be in default by the Applicant is Rs. 73,69,54,303.34/-.
The Applicant sanctioned Business Loan Credit Facilities (Open Cash Credit) aggregating to an amount of Rs. 20,00,00,000/-.
The Corporate Debtor (CD) deposited money in their loan account on 31.07.2018, 22.02.2019 and 08.03.2021.
The Applicant issued a notice to the CD vide letter dated 17.12.2024 demanding to pay the outstanding dues amounting to Rs. 76,68,67,016.34/- as on 16.12.2024.
The date of default is mentioned as 28.09.2017 as per the NeSL record of default (Form-D).
…Canara Bank fi…
The date of default is…