HDFC Bank Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Shree Sant Kripa Appliances Private Limited, citing a default on financial debt.
HDFC Bank Limited sanctioned Cash Credit/Working Capital Demand Loans to Shree Sant Kripa Appliances Private Limited.
The Corporate Debtor defaulted on repayment obligations.
HDFC Bank issued a Recall Notice to the Corporate Debtor on 09.10.2024.
The Corporate Debtor's account was classified as a Non-Performing Asset (NPA) on 26.02.2024.
The Financial Creditor alleged a default of Rs. 69,49,71,322.15 as on 30.02.2025.
The Corporate Debtor was sanctioned aggregate credit of Rs. 72.50 crores under various types of facilities in terms of Sanction letter dated 22.12.2015 and the same was enhanced to Rs. 85.00 crores vide sanction letter dated 7.1.2021.
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Initial Sanction Letter…
Sanction Letter issued…
HDFC Bank Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Shree Sant Kripa Appliances Private Limited, citing a default on financial debt.
HDFC Bank Limited sanctioned Cash Credit/Working Capital Demand Loans to Shree Sant Kripa Appliances Private Limited.
The Corporate Debtor defaulted on repayment obligations.
HDFC Bank issued a Recall Notice to the Corporate Debtor on 09.10.2024.
The Corporate Debtor's account was classified as a Non-Performing Asset (NPA) on 26.02.2024.
The Financial Creditor alleged a default of Rs. 69,49,71,322.15 as on 30.02.2025.
The Corporate Debtor was sanctioned aggregate credit of Rs. 72.50 crores under various types of facilities in terms of Sanction letter dated 22.12.2015 and the same was enhanced to Rs. 85.00 crores vide sanction letter dated 7.1.2021.
…Initial Sanction Letter…
Sanction Letter issued…