Punjab National Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of CIRP against Shriram Skill and Education Limited for an alleged default of Rs. 1,47,31,49,400.91 as on 31.12.2024.
Punjab National Bank, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The application seeks initiation of CIRP against Shriram Skill and Education Limited, the Corporate Debtor.
The alleged default amount is Rs. 1,47,31,49,400.91 as on 31.12.2024.
The Corporate Debtor's account was classified as a Non-Performing Asset (NPA) on 31.03.2017.
The Corporate Debtor submitted various Proposals for One Time Settlement (OTS).
The Corporate Debtor approached the Financial Creditor from time to time requesting the bank for enhancement of the fund based working capital limits, non-fund based, Bank Guarantee limit for its business activities.
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Shriram Skill and Education Limited (formerly…
Applicant/Financial Creditor sanctioned…
Punjab National Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of CIRP against Shriram Skill and Education Limited for an alleged default of Rs. 1,47,31,49,400.91 as on 31.12.2024.
Punjab National Bank, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The application seeks initiation of CIRP against Shriram Skill and Education Limited, the Corporate Debtor.
The alleged default amount is Rs. 1,47,31,49,400.91 as on 31.12.2024.
The Corporate Debtor's account was classified as a Non-Performing Asset (NPA) on 31.03.2017.
The Corporate Debtor submitted various Proposals for One Time Settlement (OTS).
The Corporate Debtor approached the Financial Creditor from time to time requesting the bank for enhancement of the fund based working capital limits, non-fund based, Bank Guarantee limit for its business activities.
…Shriram Skill and Education Limited (formerly…
Applicant/Financial Creditor sanctioned…