State Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Sumeru Buildcon Private Limited, the Corporate Debtor, due to a default in repayment of financial debt.
State Bank of India, the Financial Creditor, filed C.P. (IB) No.685/MB/2025 on 22.05.2025 under Section 7 of the IBC.
The Corporate Debtor, M/s Sumeru Buildcon Private Limited, had a CIN No. U45200PN2012PTC144824.
The amount claimed to be in default was Rs.40,76,33,602/-.
The date of default was 29.06.2021.
State Bank of India sanctioned two credit facilities: a Cash Credit Facility of Rs. 25 Crore on 29.11.2018 and a Working Capital Term Loan under GECL facility of Rs 4.08 Crore on 10.08.2020.
The Corporate Debtor's account was classified as NPA on 26.09.2021.
The Financial Creditor issued a re-call notice dated 27.10.2021 under section 13(2) of the SARFAESI Act 2002.
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C.P. (IB) No.685/MB/2025…
The date of default as…
State Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Sumeru Buildcon Private Limited, the Corporate Debtor, due to a default in repayment of financial debt.
State Bank of India, the Financial Creditor, filed C.P. (IB) No.685/MB/2025 on 22.05.2025 under Section 7 of the IBC.
The Corporate Debtor, M/s Sumeru Buildcon Private Limited, had a CIN No. U45200PN2012PTC144824.
The amount claimed to be in default was Rs.40,76,33,602/-.
The date of default was 29.06.2021.
State Bank of India sanctioned two credit facilities: a Cash Credit Facility of Rs. 25 Crore on 29.11.2018 and a Working Capital Term Loan under GECL facility of Rs 4.08 Crore on 10.08.2020.
The Corporate Debtor's account was classified as NPA on 26.09.2021.
The Financial Creditor issued a re-call notice dated 27.10.2021 under section 13(2) of the SARFAESI Act 2002.
…C.P. (IB) No.685/MB/2025…
The date of default as…