Vidya Sahakari Bank Limited, the Financial Creditor/Applicant, filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016 against Supertharrm Engineers Private Limited, the Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP).
Vidya Sahakari Bank Limited filed CP(IB) No.1442/MB/2020 under Section 7 of the I&B Code, 2016.
The Financial Creditor claimed a total default of Rs. 3,87,20,058.79/-.
The Date of Default as mentioned in the Petition is 30.12.2017.
The Corporate Debtor's account was classified as a Non-Performing Asset (NPA) on 31.03.2018.
The Corporate Debtor admitted its liability in its reply.
The Corporate Debtor had approached Kotak Mahindra Bank for a loan to settle the dues of the Financial Creditor.
The Financial Creditor sent a notice under Section 13(2) of the SARFAESI Act, 2002.
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The Date of Default as…
The date of classification of the Corporate…
Vidya Sahakari Bank Limited, the Financial Creditor/Applicant, filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016 against Supertharrm Engineers Private Limited, the Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP).
Vidya Sahakari Bank Limited filed CP(IB) No.1442/MB/2020 under Section 7 of the I&B Code, 2016.
The Financial Creditor claimed a total default of Rs. 3,87,20,058.79/-.
The Date of Default as mentioned in the Petition is 30.12.2017.
The Corporate Debtor's account was classified as a Non-Performing Asset (NPA) on 31.03.2018.
The Corporate Debtor admitted its liability in its reply.
The Corporate Debtor had approached Kotak Mahindra Bank for a loan to settle the dues of the Financial Creditor.
The Financial Creditor sent a notice under Section 13(2) of the SARFAESI Act, 2002.
…The Date of Default as…
The date of classification of the Corporate…