Union Bank of India, as Financial Creditor, filed an application under Section 7 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Heera Hospitality Private Limited, the Corporate Debtor. The application was filed on February 3, 2026, citing a default amount of Rs. 3,45,11,940.74/- with the date of default being April 10, 2023. The Corporate Debtor, engaged in the hospitality business, had availed multiple credit facilities from the Financial Creditor, including a Union Guaranteed Emergency Credit Line (UGECL) facility. The Corporate Debtor's accounts were classified as Non-Performing Assets (NPA) on April 10, 2023, and despite demand and recall notices, the outstanding dues remained unpaid.
Union Bank of India, the Financial Creditor, filed an application (C.P. (IB) No.133/MB/2026) on February 3, 2026, under Section 7 of the IBC, 2016, to initiate CIRP against Heera Hospitality Private Limited, the Corporate Debtor.
The application was affirmed by Mr. Amit Bhaskar Rao Thorat, an authorised signatory of Union Bank of India.
The Corporate Debtor is a private limited company engaged in the hospitality services business since 2010.
The Corporate Debtor approached the Financial Creditor in 2019 for credit facilities aggregating to Rs. 3,46,47,000/-, which were sanctioned on August 26, 2019, and fully disbursed on October 9, 2019.
…Sign in to view the parties.
Board Resolution passed, pursuant to which…
Financial Creditor approved and sanctioned…
Union Bank of India, as Financial Creditor, filed an application under Section 7 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Heera Hospitality Private Limited, the Corporate Debtor. The application was filed on February 3, 2026, citing a default amount of Rs. 3,45,11,940.74/- with the date of default being April 10, 2023. The Corporate Debtor, engaged in the hospitality business, had availed multiple credit facilities from the Financial Creditor, including a Union Guaranteed Emergency Credit Line (UGECL) facility. The Corporate Debtor's accounts were classified as Non-Performing Assets (NPA) on April 10, 2023, and despite demand and recall notices, the outstanding dues remained unpaid.
Union Bank of India, the Financial Creditor, filed an application (C.P. (IB) No.133/MB/2026) on February 3, 2026, under Section 7 of the IBC, 2016, to initiate CIRP against Heera Hospitality Private Limited, the Corporate Debtor.
The application was affirmed by Mr. Amit Bhaskar Rao Thorat, an authorised signatory of Union Bank of India.
The Corporate Debtor is a private limited company engaged in the hospitality services business since 2010.
The Corporate Debtor approached the Financial Creditor in 2019 for credit facilities aggregating to Rs. 3,46,47,000/-, which were sanctioned on August 26, 2019, and fully disbursed on October 9, 2019.
…Board Resolution passed, pursuant to which…
Financial Creditor approved and sanctioned…