The State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mrs. Asha Mittal, the personal guarantor of M/s Hitech Grain Processing Pvt. Ltd., the corporate debtor. The application seeks to initiate an insolvency resolution process against Mrs. Mittal due to an outstanding debt of Rs. 209,61,09,614 as of 31.08.2020, owed by the corporate debtor. The corporate debtor was previously admitted into the Corporate Insolvency Resolution Process (CIRP) by an NCLT order dated 31.10.2019. A Deed of Guarantee dated 06.06.2017 was provided by Mrs. Mittal to the State Bank of India, guaranteeing a principal sum not exceeding Rs. 305.00 Crores.
The State Bank of India (SBI) filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mrs. Asha Mittal, who is the personal guarantor of M/s Hitech Grain Processing Pvt. Ltd. (the corporate debtor). The corporate debtor was admitted into Corporate Insolvency Resolution Process (CIRP) by an NCLT order dated 31.10.2019. The application was filed due to an outstanding debt of Rs. 209,61,09,614 as of 31.08.2020, owed by the corporate debtor. Mrs. Mittal provided a personal guarantee to SBI via a Deed of Guarantee dated 06.06.2017, guaranteeing a principal sum up to Rs. 305.00 Crores. SBI issued a Demand Notice in Form B to Mrs. Mittal on 31.08.2020, which was delivered on 05.04.2021. The applicant submitted a Record of Default by
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M/s Hitech Grain Processing Pvt. Ltd. was…
A Personal Guarantee by Mrs. Asha Mittal, of…
The State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mrs. Asha Mittal, the personal guarantor of M/s Hitech Grain Processing Pvt. Ltd., the corporate debtor. The application seeks to initiate an insolvency resolution process against Mrs. Mittal due to an outstanding debt of Rs. 209,61,09,614 as of 31.08.2020, owed by the corporate debtor. The corporate debtor was previously admitted into the Corporate Insolvency Resolution Process (CIRP) by an NCLT order dated 31.10.2019. A Deed of Guarantee dated 06.06.2017 was provided by Mrs. Mittal to the State Bank of India, guaranteeing a principal sum not exceeding Rs. 305.00 Crores.
The State Bank of India (SBI) filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mrs. Asha Mittal, who is the personal guarantor of M/s Hitech Grain Processing Pvt. Ltd. (the corporate debtor). The corporate debtor was admitted into Corporate Insolvency Resolution Process (CIRP) by an NCLT order dated 31.10.2019. The application was filed due to an outstanding debt of Rs. 209,61,09,614 as of 31.08.2020, owed by the corporate debtor. Mrs. Mittal provided a personal guarantee to SBI via a Deed of Guarantee dated 06.06.2017, guaranteeing a principal sum up to Rs. 305.00 Crores. SBI issued a Demand Notice in Form B to Mrs. Mittal on 31.08.2020, which was delivered on 05.04.2021. The applicant submitted a Record of Default by
…M/s Hitech Grain Processing Pvt. Ltd. was…
A Personal Guarantee by Mrs. Asha Mittal, of…