Heranba Organics Private Limited, a wholly-owned subsidiary of Heranba Industries, faces an insolvency application filed by Haresh Petrochem Private Limited for a claim of Rs 1.70 Crores.
The outstanding balance stands at Rs 93.90 Lakhs (₹0.94 cr), with the Insolvency and Bankruptcy Code (IBC) petition filed before the NCLT, Mumbai.
Reader Takeaway: Insolvency filing against subsidiary for ₹0.94 Cr claim; recent capacity expansions offer future growth prospects.
What just happened (today’s filing)
Heranba Industries Limited has announced that its wholly-owned subsidiary, Heranba Organics Private Limited (HOPL), is subject to an insolvency application.
The application was filed by Haresh Petrochem Private Limited under the…