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Madras Electro Castings Limited loan details

Charges taken from banks & financial institutes

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Madras Electro Castings Limited has 6 charges registered with the Registrar of Companies: 6 open charges worth Rs 15.95 Cr. The lender named on its open charges is Indian Bank. The most recent charge was created on 17 Jun 1997 in favour of Indian Bank for Rs 7.06 Cr and is open.

Charges Breakdown by Lending Institutions

  • Indian Bank : 15.95 Cr

₹15.95 crore

-

1

Indian Bank

Modification

14 Sep 1999

₹7.06 cr

Charge IdLenderAmountCreation DateLast Modification DateSatisfaction DateStatus
90302695 View DetailsIndian Bank₹ 7.06 17 Jun 199714 Sep 1999- Open 70641567.0
90302608 View DetailsIndian Bank₹ 6.59 24 Oct 1994-- Open 65875000.0
90301878 View DetailsIndian Bank₹ 0.25 23 Apr 199424 Oct 1994- Open 2500000.0
90303280 View DetailsIndian Bank₹ 0.25 23 Apr 1994-- Open 2500000.0
90302543 View DetailsIndian Bank₹ 0.25 07 May 1992-- Open 2500000.0
90302506 View DetailsIndian Bank₹ 1.55 27 Oct 199031 Jul 1992- Open 15500000.0
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Charge documents and asset details

The filed charge documents and the assets pledged under each charge are in the company report.

  • Assets and property pledged under each charge
  • Terms and conditions as filed
  • Filed charge documents where available

Verified entity values are shown only after access is granted.

A charge is a security interest a company creates over its assets in favour of a lender. An open charge is still outstanding; a satisfied charge has been repaid and closed with the Registrar. Under the Companies Act, 2013 every charge must be registered within thirty days of creation (Form CHG-1, or CHG-9 for debentures) and its satisfaction reported within thirty days of repayment (Form CHG-4). Amounts are as filed with the MCA.