L.Y. Developers Private Limited - Loans (Charges)

L.Y. Developers Private Limited loan details

L.Y. Developers Private Limited has 1 charge registered with the Registrar of Companies: 1 satisfied charge worth Rs 1.60 Cr. The most recent charge was created on 03 Nov 2011 in favour of Punjab National Bank for Rs 1.60 Cr and is closed. 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 L.Y. Developers 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.