Transaction Details
The company has deposited a total security deposit of ₹60.00 Crores as required under the terms and conditions of the Letter of Intent (LOI) dated July 30, 2026, received from the Resolution Professional (RP) in the Corporate Insolvency Resolution Process (CIRP) of Corporate Debtor, M/s Amzen Transportation Industries Private Limited.
Breakdown of Security Deposit
- Performance Security Deposit (10% of amount payable to all stakeholders, including CIRP costs): ₹28.40 Crores - issued via Bank Guarantee on 07/08/2026
- Payment for Secured Financial Creditors (UCO Bank & Prudent ARC): ₹31.60 Crores - paid on 06/08/2026
- Total Security Deposit: ₹60.00 Crores
Parties Involved
- Resolution Professional (RP) for Amzen Transportation Industries Private Limited
- Secured Financial Creditors: UCO Bank and Prudent ARC
- Corporate Debtor: M/s Amzen Transportation Industries Private Limited
Timeline of Events
- July 30, 2026: Receipt of Letter of Intent from Resolution Professional
- August 6, 2026: Payment of ₹31.60 Crores to secured financial creditors
- August 7, 2026: Issuance of Bank Guarantee for ₹28.40 Crores and regulatory disclosure