Karan Polymers Private Limited - Loans (Charges)

Karan Polymers Private Limited loan details

Karan Polymers Private Limited has 11 charges registered with the Registrar of Companies: 3 open charges worth Rs 19.06 Cr and 8 satisfied charges worth Rs 15.45 Cr. The open charge is held by Citi Bank N.A.. Lenders on record include Citi Bank N.A., Citibank N.A, State Bank Of India. The most recent charge was created on 30 Aug 2019 in favour of Citi Bank N.A. for Rs 2.25 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 Karan Polymers Private Limited 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.