The Financial Creditor, Solapur Janata Sahakari Bank Limited, filed a petition under Section 95(1) of the Insolvency & Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, to initiate insolvency resolution proceedings against Mr. Sudhakar Bhanudas Hande, the Personal Guarantor. The petition sought recovery of a principal amount of INR 5,41,40,285/- and interest of INR 8,00,72,494/-, totaling INR 13,42,12,779/- as of September 30, 2021. The date of default was specified as March 31, 2017, related to a property mortgaged loan.
The Financial Creditor, Solapur Janata Sahakari Bank Limited, filed a petition on March 12, 2022, under Section 95 of the Insolvency & Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019. The petition sought to initiate insolvency resolution proceedings against Mr. Sudhakar Bhanudas Hande, the Personal Guarantor, for the recovery of a total amount of INR 13,42,12,779/- as of September 30, 2021. The date of default, as stated in the petition, was March 31, 2017, related to a property mortgaged loan.
Shetkari Sakhar Karkhana (Chandipur) Limited…
Mr. Sudhakar Bhanudas Hande, the Personal…
The Financial Creditor, Solapur Janata Sahakari Bank Limited, filed a petition under Section 95(1) of the Insolvency & Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, to initiate insolvency resolution proceedings against Mr. Sudhakar Bhanudas Hande, the Personal Guarantor. The petition sought recovery of a principal amount of INR 5,41,40,285/- and interest of INR 8,00,72,494/-, totaling INR 13,42,12,779/- as of September 30, 2021. The date of default was specified as March 31, 2017, related to a property mortgaged loan.
The Financial Creditor, Solapur Janata Sahakari Bank Limited, filed a petition on March 12, 2022, under Section 95 of the Insolvency & Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019. The petition sought to initiate insolvency resolution proceedings against Mr. Sudhakar Bhanudas Hande, the Personal Guarantor, for the recovery of a total amount of INR 13,42,12,779/- as of September 30, 2021. The date of default, as stated in the petition, was March 31, 2017, related to a property mortgaged loan.
Shetkari Sakhar Karkhana (Chandipur) Limited…
Mr. Sudhakar Bhanudas Hande, the Personal…