Canara Bank filed a Company Petition against Smt. Thota Venkata Ramana, the personal guarantor of M/s Sri Krishna Stockist & Traders Pvt Ltd, under Section 95 and Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Personal Insolvency Resolution Process.
Canara Bank, the Financial Creditor, filed a petition against Smt. Thota Venkata Ramana, the Personal Guarantor of M/s Sri Krishna Stockist & Traders Pvt Ltd.
The Corporate Debtor, M/s Sri Krishna Stockist & Traders Pvt Ltd, availed cash credit facilities from Canara Bank.
The Corporate Debtor's account was classified as NPA on 31.08.2017.
Canara Bank initiated proceedings under the SARFAESI Act and issued a Demand Notice dated 08.11.2017.
The Corporate Debtor made OTS offers on 29.02.2020 and 30.11.2020, which were rejected by Canara Bank.
Canara Bank issued a Form B Demand Notice dated 02.05.2024 to the Personal Guarantor.
The Adjudicating Authority appointed Mr. Immaneni Eswar Rao as the Resolution Professional.
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The loan account of the…
Financial Creditor initiated proceedings…
Canara Bank filed a Company Petition against Smt. Thota Venkata Ramana, the personal guarantor of M/s Sri Krishna Stockist & Traders Pvt Ltd, under Section 95 and Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Personal Insolvency Resolution Process.
Canara Bank, the Financial Creditor, filed a petition against Smt. Thota Venkata Ramana, the Personal Guarantor of M/s Sri Krishna Stockist & Traders Pvt Ltd.
The Corporate Debtor, M/s Sri Krishna Stockist & Traders Pvt Ltd, availed cash credit facilities from Canara Bank.
The Corporate Debtor's account was classified as NPA on 31.08.2017.
Canara Bank initiated proceedings under the SARFAESI Act and issued a Demand Notice dated 08.11.2017.
The Corporate Debtor made OTS offers on 29.02.2020 and 30.11.2020, which were rejected by Canara Bank.
Canara Bank issued a Form B Demand Notice dated 02.05.2024 to the Personal Guarantor.
The Adjudicating Authority appointed Mr. Immaneni Eswar Rao as the Resolution Professional.
…The loan account of the…
Financial Creditor initiated proceedings…