Creative Ltd - Loans (Charges)

Creative Ltd loan details

Creative Ltd has 4 charges registered with the Registrar of Companies: 1 open charge worth Rs 15.60 Cr and 3 satisfied charges worth Rs 74.79 Cr. The open charge is held by Allahabad Bank. Lenders on record include The Hongkong And Shanghai Banking Corporation Limited, Allahabad Bank. The most recent charge was created on 06 Jan 2011 in favour of Allahabad Bank for Rs 15.60 Cr and is open. A charge is a security interest a company creates over its assets in favour of a lender; an open charge is still outstanding, while a satisfied charge has been repaid and closed with the Registrar. Amounts are as filed with the MCA.

Under the Companies Act, 2013 a company must register every charge on its property or assets with the Registrar of Companies within thirty days of creating it (Form CHG-1, or CHG-9 for debentures), and report its satisfaction within thirty days of repayment (Form CHG-4). The register of charges is public, so lenders, suppliers and investors can see which assets of Creative Ltd are already pledged, to whom, and for how much. This page lists each charge with its holder, amount, status and the dates of creation, modification and satisfaction, along with the share of borrowing held by each lending institution.