Default disclosure: Rs. 0.06 crore unpaid on bank loans; total financial indebtedness Rs. 2.29 crore
Interworld Digital reported a default of Rs. 0.06 crore on loans from banks / financial institutions for the quarter ended 30th September, 2026.
- Amount of default (as on date)
- Rs. 0.06 crore
- Total financial indebtedness
- Rs. 2.29 crore
- Sanctioned interest rate on loan against vehicle
- 9.79%
The disclosure
Interworld Digital Limited has shared its disclosure of defaults on payment of interest or repayment of principal amount on loans from banks / financial institutions, for the quarter ending 30th September, 2026.
The figures
- Total amount outstanding as on date on loans / revolving facilities like cash credit from banks / financial institutions: Rs. 0.06 crore
- Of that total amount outstanding, amount of default as on date: Rs. 0.06 crore
- Total financial indebtedness of the listed entity including short-term and long-term debt: Rs. 2.29 crore
- Break-up of the outstanding loans: loan against vehicle from Kotak Mahindra Bank Rs. 0.01 crore; other short term unsecured loans Rs. 2.23 crore; interest and other charges due but not paid Rs. 0.05 crore; total outstanding amount / debts Rs. 2.29 crore
- Sanctioned interest rate for the loan against vehicle: 9.79%, and the obligation is shown as secured
- Unlisted debt securities i.e. NCDs and NCRPS: shown as N.A for both the amount outstanding and the amount of default
What the company says about the default
The company states that it has defaulted in repayment of the last instalment of the loan against vehicle obtained from Kotak Mahindra Prime Limited. The vehicle for the purchase of which the loan was obtained is, it says, at present in the possession of the past Managing Director of the company, Mr. Man Mohan Gupta.
The company further states that Mr. Gupta had fraudulently shifted the entire business of the company, including its Intellectual Property, to other entities formed by him. It adds that the management has requested him several times either to return the vehicle to the company or to clear the outstanding debts of Kotak Mahindra Prime Limited so that the loans obtained from it could be settled, and that he is not cooperating with the company till date. Hence, the company says, the last instalment of the loan against vehicle is still outstanding.
How to read it
A default disclosure places on record that an amount due to a lender has not been paid. Here, the amount in default as on the date is Rs. 0.06 crore, while the company's total financial indebtedness is shown as Rs. 2.29 crore.
The update also explains the reason the company gives for the unpaid instalment, which involves a vehicle stated to be in the possession of the past Managing Director and a dispute over the company's business.
More numbers
- Total amount outstanding on loans from banks / FIs0.06
- Of the total outstanding, amount of default as on date0.06
- Total financial indebtedness of the listed entity2.29
- Loan against vehicle from Kotak Mahindra Bank0.01
- Other short term unsecured loans2.23
- Interest and other charges due but not paid0.05
- Total outstanding amount / debts2.29
- Sanctioned interest rate, loan against vehicle9.79%
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.