Sangli District Central Co-operative Bank Limited (Financial Creditor) filed an application under Section 7 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Swapnapurti Sugar Limited (Corporate Debtor) for a default of Rs. 38,71,15,232/-. The default date was stated as August 21, 2022, following the expiry of a SARFAESI notice. The Financial Creditor proposed Mr. Mahesh Bagla as the Interim Resolution Professional.
Sangli District Central Co-operative Bank Limited (Financial Creditor) filed an application (C.P. (IB) No.1370/MB/2025) on December 9, 2025, under Section 7 of the IBC, 2016, to initiate CIRP against Swapnapurti Sugar Limited (Corporate Debtor).
The Corporate Debtor approached the Financial Creditor for a loan of Rs. 23 Crores for business development and growth.
The Financial Creditor sanctioned the loan on March 31, 2020, for a period of seven years, and the amount was disbursed to the Corporate Debtor on the same date.
…Sign in to view the parties.
Financial Creditor sanctioned a loan of Rs.…
Another Mortgage Deed…
Sangli District Central Co-operative Bank Limited (Financial Creditor) filed an application under Section 7 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Swapnapurti Sugar Limited (Corporate Debtor) for a default of Rs. 38,71,15,232/-. The default date was stated as August 21, 2022, following the expiry of a SARFAESI notice. The Financial Creditor proposed Mr. Mahesh Bagla as the Interim Resolution Professional.
Sangli District Central Co-operative Bank Limited (Financial Creditor) filed an application (C.P. (IB) No.1370/MB/2025) on December 9, 2025, under Section 7 of the IBC, 2016, to initiate CIRP against Swapnapurti Sugar Limited (Corporate Debtor).
The Corporate Debtor approached the Financial Creditor for a loan of Rs. 23 Crores for business development and growth.
The Financial Creditor sanctioned the loan on March 31, 2020, for a period of seven years, and the amount was disbursed to the Corporate Debtor on the same date.
…Financial Creditor sanctioned a loan of Rs.…
Another Mortgage Deed…