Siemens Financial Services Private Limited (SFSPL) filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Personal Insolvency Resolution Process (PIRP) against Ravi Kumar Jain, the Personal Guarantor, due to default in lease rentals by RCC Infraventures Ltd., where Ravi Kumar Jain was a director.
Siemens Financial Services Private Limited (SFSPL) filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Personal Insolvency Resolution Process (PIRP) against Ravi Kumar Jain, the Personal Guarantor.
The Corporate Debtor, RCC Infraventures Ltd., defaulted in repaying the lease rentals.
SFSPL issued a Legal Notice dated 07.12.2020 for termination of the lease facility and invocation of Arbitration under the Master Lease Agreement dated 28.05.2019 and Demand Notice dated 11.12.2020.
The RP filed a report recommending acceptance of the petition.
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The Corporate Debtor approached SFSPL for a…
SFSPL issued a Legal Notice dated 07.12.2020…
Siemens Financial Services Private Limited (SFSPL) filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Personal Insolvency Resolution Process (PIRP) against Ravi Kumar Jain, the Personal Guarantor, due to default in lease rentals by RCC Infraventures Ltd., where Ravi Kumar Jain was a director.
Siemens Financial Services Private Limited (SFSPL) filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Personal Insolvency Resolution Process (PIRP) against Ravi Kumar Jain, the Personal Guarantor.
The Corporate Debtor, RCC Infraventures Ltd., defaulted in repaying the lease rentals.
SFSPL issued a Legal Notice dated 07.12.2020 for termination of the lease facility and invocation of Arbitration under the Master Lease Agreement dated 28.05.2019 and Demand Notice dated 11.12.2020.
The RP filed a report recommending acceptance of the petition.
…The Corporate Debtor approached SFSPL for a…
SFSPL issued a Legal Notice dated 07.12.2020…