The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against the Respondent/Corporate Debtor, Pawan Buildwell Pvt. Ltd., due to its inability to liquidate its financial debt. The petitioner, Brij Mohan Sahni, sought recovery of a principal amount of Rs. 1 crore with accrued interest, totaling Rs. 1,63,79,352. The petitioner, along with his deceased brother Surinder Mohan Sahni, were partners in M/s Gay Printers, which had extended a loan of Rs. 1 crore to the Corporate Debtor at 15% interest per annum. Surinder Mohan Sahni passed away on October 2, 2015, bequeathing his 50% share in the firm to the petitioner. An earlier petition, IB-301/ND/2017, filed by M/s. Gay
…Brij Mohan Sahni, the petitioner, filed a petition against Pawan Buildwell Pvt. Ltd., the corporate debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The petitioner claimed a financial debt of Rs. 1,63,79,352, comprising a principal amount of Rs. 1 crore and accrued interest. The debt originated from a loan extended by M/s Gay Printers, a partnership firm consisting of the petitioner and his deceased brother, Surinder Mohan Sahni, to the corporate debtor. The loan carried an interest rate of 15% per annum. Surinder Mohan Sahni passed away on October 2, 2015, bequeathing his 50% share in the firm to the petitioner. The corporate debtor acknowledged its liability to pay interest at
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Mr. Surinder Mohan…
Mr. Surinder Mohan Sahni died, bequeathing his…
The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against the Respondent/Corporate Debtor, Pawan Buildwell Pvt. Ltd., due to its inability to liquidate its financial debt. The petitioner, Brij Mohan Sahni, sought recovery of a principal amount of Rs. 1 crore with accrued interest, totaling Rs. 1,63,79,352. The petitioner, along with his deceased brother Surinder Mohan Sahni, were partners in M/s Gay Printers, which had extended a loan of Rs. 1 crore to the Corporate Debtor at 15% interest per annum. Surinder Mohan Sahni passed away on October 2, 2015, bequeathing his 50% share in the firm to the petitioner. An earlier petition, IB-301/ND/2017, filed by M/s. Gay
…Brij Mohan Sahni, the petitioner, filed a petition against Pawan Buildwell Pvt. Ltd., the corporate debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The petitioner claimed a financial debt of Rs. 1,63,79,352, comprising a principal amount of Rs. 1 crore and accrued interest. The debt originated from a loan extended by M/s Gay Printers, a partnership firm consisting of the petitioner and his deceased brother, Surinder Mohan Sahni, to the corporate debtor. The loan carried an interest rate of 15% per annum. Surinder Mohan Sahni passed away on October 2, 2015, bequeathing his 50% share in the firm to the petitioner. The corporate debtor acknowledged its liability to pay interest at
…Mr. Surinder Mohan…
Mr. Surinder Mohan Sahni died, bequeathing his…