Akkme Food Craft Limited (Financial Creditor) filed an application under Section 7 of the IBC, 2016, against Regal Enterprises Limited (Corporate Debtor) for initiating CIRP due to an alleged financial default of Rs.1,05,74,726/-. The default arose from an Inter-Corporate Deposit (ICD) of Rs.1,00,00,000/- provided by the Financial Creditor to the Corporate Debtor, which matured on 31.01.2026. Cheques issued by the Corporate Debtor for repayment were dishonoured on 24.02.2026 due to "Funds Insufficient".
Akkme Food Craft Limited (Financial Creditor) filed an application under Section 7 of the IBC, 2016, seeking initiation of CIRP against Regal Enterprises Limited (Corporate Debtor).
The application was filed due to an alleged financial default of Rs.1,05,74,726/- as on 31.01.2026.
Akkme Food Craft Limited is a public company incorporated under the Companies Act, 2013.
Regal Enterprises Limited is a public company incorporated on 06.11.1989 under the Companies Act, 1956.
The Financial Creditor is engaged in operating cloud kitchens and Quick Service Restaurants (QSR).
The Corporate Debtor was supplying dry fruits and grocery items to the Financial Creditor.
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Regal Enterprises Limited (Corporate Debtor) was…
Regal Enterprises Limited (Corporate…
Akkme Food Craft Limited (Financial Creditor) filed an application under Section 7 of the IBC, 2016, against Regal Enterprises Limited (Corporate Debtor) for initiating CIRP due to an alleged financial default of Rs.1,05,74,726/-. The default arose from an Inter-Corporate Deposit (ICD) of Rs.1,00,00,000/- provided by the Financial Creditor to the Corporate Debtor, which matured on 31.01.2026. Cheques issued by the Corporate Debtor for repayment were dishonoured on 24.02.2026 due to "Funds Insufficient".
Akkme Food Craft Limited (Financial Creditor) filed an application under Section 7 of the IBC, 2016, seeking initiation of CIRP against Regal Enterprises Limited (Corporate Debtor).
The application was filed due to an alleged financial default of Rs.1,05,74,726/- as on 31.01.2026.
Akkme Food Craft Limited is a public company incorporated under the Companies Act, 2013.
Regal Enterprises Limited is a public company incorporated on 06.11.1989 under the Companies Act, 1956.
The Financial Creditor is engaged in operating cloud kitchens and Quick Service Restaurants (QSR).
The Corporate Debtor was supplying dry fruits and grocery items to the Financial Creditor.
…Regal Enterprises Limited (Corporate Debtor) was…
Regal Enterprises Limited (Corporate…