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Magnetic Information Technology Limited loan details

Charges taken from banks & financial institutes

Data last updated:

Amount in (₹)

Magnetic Information Technology Limited has 6 charges registered with the Registrar of Companies: 6 open charges worth Rs 1.94 Cr. The largest open charges are held by State Bank Of India, Punjab State Industrial Development Corpn. Limited and Industrial Finance Corporation Of India. The most recent charge was created on 21 Oct 1987 in favour of State Bank Of India for Rs 4.63 M and is open.

Charges Breakdown by Lending Institutions

  • State Bank Of India : 0.72 Cr
  • Punjab State Industrial Development Corpn. Limited : 0.60 Cr
  • Industrial Finance Corporation Of India : 0.32 Cr
  • Punjab Financial Corporation : 0.30 Cr

₹1.94 crore

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4

Punjab State Industrial Development Corpn. Limited

Creation

21 Oct 1987

₹0.46 cr

Charge IdLenderAmountCreation DateLast Modification DateSatisfaction DateStatus
90176966 View DetailsState Bank Of India₹ 0.46 21 Oct 1987-- Open 4625000.0
90176938 View DetailsIndustrial Finance Corporation Of India₹ 0.32 01 Apr 1987-- Open 3150000.0
90176886 View DetailsState Bank Of India₹ 0.20 23 May 1986-- Open 2000000.0
90183587 View DetailsPunjab Financial Corporation₹ 0.30 11 May 198430 May 1984- Open 3000000.0
90176794 View DetailsState Bank Of India₹ 0.06 02 May 198430 May 1984- Open 600000.0
90176432 View DetailsPunjab State Industrial Development Corpn. Limited₹ 0.60 17 Nov 198330 May 1984- Open 6000000.0
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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.