Billionloans Financial Services Pvt Ltd, a financial creditor, filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against Mrs. Waheeda Khan, the personal guarantor of M/s Big Truck Technologies Private Limited, a corporate debtor. The Resolution Professional, Mr. S. Kasi Viswanathan, recommended the admission of the application.
Billionloans Financial Services Pvt Ltd is a Non-Banking Financial Institution (NBFC).
Mrs. Waheeda Khan is the personal guarantor for M/s Big Truck Technologies Private Limited.
A credit facility of Rs. 50 lakhs was granted to Corporate Debtor on 26.09.2022.
An additional Rs. 50 lakhs were sanctioned on 10.11.2022, increasing the total credit facility to Rs. 1 crore.
The loan facilities were restructured multiple times, including in 2023 and 2024.
The Corporate Debtor was declared NPA since September 2023.
The Financial Creditor issued a demand notice in Form B on 20.01.2025.
The Financial Creditor filed a petition under Section 95(1) of the IBC on 27.05.2025.
Mr. S. Kasi Viswanathan was appointed as the Resolution Professional.
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A credit facility of…
Following a further request dated 08.10.2022,…
Billionloans Financial Services Pvt Ltd, a financial creditor, filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against Mrs. Waheeda Khan, the personal guarantor of M/s Big Truck Technologies Private Limited, a corporate debtor. The Resolution Professional, Mr. S. Kasi Viswanathan, recommended the admission of the application.
Billionloans Financial Services Pvt Ltd is a Non-Banking Financial Institution (NBFC).
Mrs. Waheeda Khan is the personal guarantor for M/s Big Truck Technologies Private Limited.
A credit facility of Rs. 50 lakhs was granted to Corporate Debtor on 26.09.2022.
An additional Rs. 50 lakhs were sanctioned on 10.11.2022, increasing the total credit facility to Rs. 1 crore.
The loan facilities were restructured multiple times, including in 2023 and 2024.
The Corporate Debtor was declared NPA since September 2023.
The Financial Creditor issued a demand notice in Form B on 20.01.2025.
The Financial Creditor filed a petition under Section 95(1) of the IBC on 27.05.2025.
Mr. S. Kasi Viswanathan was appointed as the Resolution Professional.
…A credit facility of…
Following a further request dated 08.10.2022,…