The case involves an application filed by Shri Ravindra Beleyur, the Resolution Professional (RP) of the Personal Guarantor, M.S.Sriharsha, seeking to take on record the report of the meeting of creditors and reject the repayment plan.
An application under Section 95(1) of the IBC, 2016 was admitted against Sri. M.S.Sriharsha, the Personal Guarantor, on 29.03.2022.
State Bank of India extended credit facilities to the Corporate Debtor M/s, Sura Leathers Pvt. Ltd.
Sri Hem Chandra was initially appointed as the Resolution Professional but was later replaced by Shri Ravindra Beleyur.
The Applicant received claims from Deutsche Bank (Rs. 9,26,78,213) and State Bank of India (Rs. 76,38,73,026).
The first meeting of Creditors was convened on 8th September 2022, with adjourned meetings on 19th September 2022 and 14th October 2022.
The creditors unanimously rejected the revised repayment plan submitted by the Guarantor on 01st December 2022.
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Application under…
Sri Hem Chandra…
The case involves an application filed by Shri Ravindra Beleyur, the Resolution Professional (RP) of the Personal Guarantor, M.S.Sriharsha, seeking to take on record the report of the meeting of creditors and reject the repayment plan.
An application under Section 95(1) of the IBC, 2016 was admitted against Sri. M.S.Sriharsha, the Personal Guarantor, on 29.03.2022.
State Bank of India extended credit facilities to the Corporate Debtor M/s, Sura Leathers Pvt. Ltd.
Sri Hem Chandra was initially appointed as the Resolution Professional but was later replaced by Shri Ravindra Beleyur.
The Applicant received claims from Deutsche Bank (Rs. 9,26,78,213) and State Bank of India (Rs. 76,38,73,026).
The first meeting of Creditors was convened on 8th September 2022, with adjourned meetings on 19th September 2022 and 14th October 2022.
The creditors unanimously rejected the revised repayment plan submitted by the Guarantor on 01st December 2022.
Application under…
Sri Hem Chandra…