The appeal was filed against the Adjudicating Authority's order dated 11.09.2025, which admitted a Section 7 application filed by Bank of Baroda against C-Net Infotech Pvt. Ltd., a corporate guarantor. The appellant, the suspended director of the corporate guarantor, argued that the Section 7 application was not maintainable as the default amount was below the statutory threshold of Rs 1 Cr.
The Adjudicating Authority admitted a Section 7 application filed by Bank of Baroda against C-Net Infotech Pvt. Ltd.
Pravir Krishak, the suspended director of C-Net Infotech Pvt. Ltd., filed an appeal against the Adjudicating Authority's order.
The appellant argued that the Section 7 application was not maintainable as the default amount was below the statutory threshold of Rs 1 Cr.
The Guarantee Deed contained clauses that limited the liability of the corporate guarantor.
The Section 7 application claimed an amount of Rs 1,37,71,961.38/-, including principal and interest.
The Bank of Baroda did not file the Section 12A application on the ground that CoC had already been constituted on 06.10.2025.
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Date of the Impugned Order passed by the…
The appeal had been disposed of by this…
The appeal was filed against the Adjudicating Authority's order dated 11.09.2025, which admitted a Section 7 application filed by Bank of Baroda against C-Net Infotech Pvt. Ltd., a corporate guarantor. The appellant, the suspended director of the corporate guarantor, argued that the Section 7 application was not maintainable as the default amount was below the statutory threshold of Rs 1 Cr.
The Adjudicating Authority admitted a Section 7 application filed by Bank of Baroda against C-Net Infotech Pvt. Ltd.
Pravir Krishak, the suspended director of C-Net Infotech Pvt. Ltd., filed an appeal against the Adjudicating Authority's order.
The appellant argued that the Section 7 application was not maintainable as the default amount was below the statutory threshold of Rs 1 Cr.
The Guarantee Deed contained clauses that limited the liability of the corporate guarantor.
The Section 7 application claimed an amount of Rs 1,37,71,961.38/-, including principal and interest.
The Bank of Baroda did not file the Section 12A application on the ground that CoC had already been constituted on 06.10.2025.
…Date of the Impugned Order passed by the…
The appeal had been disposed of by this…