Mr. Dhananjay Sanjay Agarwal, a shareholder (12.50%) and personal guarantor of Raninga Paper Mills Pvt. Ltd. (Corporate Debtor), filed an application (IA/1037(AHM)2026) objecting to the Resolution Plan submitted by Mr. Chandresh Lalitbhai Soni (erstwhile Promoter/Director and Successful Resolution Applicant - SRA). The plan was approved by State Bank of India (sole CoC member) with 100% voting share. The applicant alleged statutory ineligibility of the SRA under Section 29A(a) and 29A(e) of the IBC, non-disclosure of criminal proceedings, inadequate due diligence by the RP, anomalous funding structure involving Mr. Rajneesh Tiwari, incomplete transaction audit, and flawed valuation.
Mr. Dhananjay Sanjay Agarwal holds 12.50% equity in Raninga Paper Mills Private Limited.
Mr. Dhananjay Sanjay Agarwal is a personal guarantor for financial facilities availed by Raninga Paper Mills Private Limited from State Bank of India.
Mr. Dhananjay Sanjay Agarwal is an erstwhile Director of Raninga Paper Mills Private Limited.
Raninga Paper Mills Private Limited (Corporate Debtor) was admitted into CIRP on 29.07.2025.
Mr. Jigar Tarunkumar Bhatt is the Resolution Professional (RP) of Raninga Paper Mills Private Limited.
State Bank of India (SBI) is the secured financial creditor and the sole member of the Committee of Creditors (CoC).
Mr. Chandresh Lalitbhai Soni is the erstwhile Promoter/Director of the Corporate Debtor and the Successful Resolution Applicant (SRA).
…Sign in to view the parties.
State Bank of India…
FIR C.R. No. 11191065250385 of 2025 registered…
Mr. Dhananjay Sanjay Agarwal, a shareholder (12.50%) and personal guarantor of Raninga Paper Mills Pvt. Ltd. (Corporate Debtor), filed an application (IA/1037(AHM)2026) objecting to the Resolution Plan submitted by Mr. Chandresh Lalitbhai Soni (erstwhile Promoter/Director and Successful Resolution Applicant - SRA). The plan was approved by State Bank of India (sole CoC member) with 100% voting share. The applicant alleged statutory ineligibility of the SRA under Section 29A(a) and 29A(e) of the IBC, non-disclosure of criminal proceedings, inadequate due diligence by the RP, anomalous funding structure involving Mr. Rajneesh Tiwari, incomplete transaction audit, and flawed valuation.
Mr. Dhananjay Sanjay Agarwal holds 12.50% equity in Raninga Paper Mills Private Limited.
Mr. Dhananjay Sanjay Agarwal is a personal guarantor for financial facilities availed by Raninga Paper Mills Private Limited from State Bank of India.
Mr. Dhananjay Sanjay Agarwal is an erstwhile Director of Raninga Paper Mills Private Limited.
Raninga Paper Mills Private Limited (Corporate Debtor) was admitted into CIRP on 29.07.2025.
Mr. Jigar Tarunkumar Bhatt is the Resolution Professional (RP) of Raninga Paper Mills Private Limited.
State Bank of India (SBI) is the secured financial creditor and the sole member of the Committee of Creditors (CoC).
Mr. Chandresh Lalitbhai Soni is the erstwhile Promoter/Director of the Corporate Debtor and the Successful Resolution Applicant (SRA).
…State Bank of India…
FIR C.R. No. 11191065250385 of 2025 registered…