Laxmi Engineering Pvt Ltd - Loans (Charges)

Laxmi Engineering Pvt Ltd loan details

Laxmi Engineering Pvt Ltd has 5 charges registered with the Registrar of Companies: 3 open charges worth Rs 10.55 Cr and 2 satisfied charges worth Rs 1.09 M. The open charge is held by Oriental Bank Of Commerce. Lenders on record include Sundaram Finance Ltd, Oriental Bank Of Commerce. The most recent charge was created on 25 Feb 2014 in favour of Others for Rs 4.90 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 Laxmi Engineering Pvt 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.