Interworld Digital Limited
Default Details
- Total outstanding loans/revolving facilities: ₹0.06 crore
- Amount in default: ₹0.06 crore (100% of outstanding facilities)
- Total financial indebtedness (including short-term and long-term debt): ₹2.29 crore
Specific Loan Information
Nature of obligation: Loan against vehicle from Kotak Mahindra Bank
- Interest rate: 9.79%
- Secured/Unsecured: Secured
Breakdown of Outstanding Amounts (as on 30.09.2026)
| Particulars | Outstanding Amount (₹ Crores) |
| Loan against vehicle from Kotak Mahindra Bank | 0.01 |
| Other Short Term Unsecured Loans | 2.23 |
| Outstanding loan | 2.24 |
| Interest and other charges due but not paid | 0.05 |
| Total outstanding Amount/Debts | 2.29 |
Reason for Default
The company has defaulted in repayment of the last installment of the Loan against Vehicle obtained from Kotak Mahindra Prime Limited.
The vehicle purchased through this loan is currently in the possession of the past Managing Director of the company, Mr. Man Mohan Gupta. According to the disclosure, Mr. Gupta "fraudulently shifted the entire business of the company including its Intellectual Property to the other entities formed by him."
Management Actions
The current management has repeatedly requested Mr. Man Mohan Gupta to either return the vehicle to the company or clear the outstanding debts with Kotak Mahindra Prime Limited. However, the former Managing Director has not cooperated with the company to date, resulting in the continued outstanding installment.