Valecha Engineering Limited - Loans (Charges)

Valecha Engineering Limited has 116 charges registered with the Registrar of Companies: 30 open charges worth Rs 52.73 Cr and 86 satisfied charges worth Rs 1,876.77 Cr. The largest open charges are held by The Saraswat Co-Operative Bank Ltd., Icici Bank Limited and Icici Bank Ltd.. The most recent charge was created on 08 Jan 2016 in favour of State Bank Of Bikaner And Jaipur for Rs 4.50 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; 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.