Futuristic Solutions has informed that the company had acquired vide a deed of assignment, a Corporate Secured Loan against first charge vide agreement dt 26th of September 2014. The NCLT, Mumbai has now initiated Corporate Insolvency Resolution proceedings vide their order dated 31.03.2023. The claim amounting to Rs 172,02,71,203 has been provisionally admitted by the IRP in pursuance to Form – C filed as Secured Financial Creditor in accordance with Regulation of the IBBI (Insolvency Resolution Process for Corporate Debtor) Regulation, 2016 (‘CIRP Regulations’) subject to modification / revision in case of additional information and the final outcome. The proceedings are currently underway.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
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Bajaj Finance | 6662.80 |
Shriram Finance | 2284.15 |
Aditya Birla Capital | 221.55 |
SBI Cards AndPayment | 713.95 |
Chola Invest & Fin. | 1249.65 |
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