Project Details
Kings Electronics
Kings Electronics Private Limited is a Company having CIN no. U51395MH1999PTC117996 and was incorporated on 25 January 1999. It is classified as Non-govt Company and is registered at Registrar of Companies, Mumbai. Its authorized share capital is Rs. 170,000,000 and its paid-up capital is Rs. 149,800,000. It has chain of stores in New Mumbai. The Company is involved in selling household goods on retail and wholesale basis.
Kings Electronics
Constraints: Assets at multiple locations, facing issues with local authorities, society etc and interest of more than 15 CoC members were to be considered. The case was re-assigned to our associate after a period of about 800 days of CIR period. The demand for assets also reduced due to covid.
Stakeholders:
Bajaj Finance Limited, State Bank of India, Union Bank of India, Edelweiss ARC, Shriram City Union Finance Limited, IIFL, IndusInd Bank, Tata Capital Financial Services Limited, Kotak Mahindra Bank, Axis Bank, IDFC First Bank Limited, etc.
Current Status:
Fresh from G was issued, and we could get two suitors to submit the resolution plan. The case has been resolved under IBC.
- Installation Excellence
- Quality Products
- Technical Expertise
- Project Planning
- Professional Support
- End-to-End Solutions
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