The State Bank of India filed an application under Section 95(1) of the Insolvency and Bankruptcy Code (IBC) read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for IRP for Personal Guarantors to Corporate Debtor) Rules, 2019, to initiate the Insolvency Resolution Process against Ms. Jaya Singh, the Personal Guarantor of M/s. Energo Engineering Projects Limited, the Corporate Debtor. The applicant claimed that the corporate debtor defaulted on credit facilities amounting to Rs. 794,00,32,924.21 as of 15.12.2018, and Ms. Jaya Singh had executed personal guarantee deeds. The applicant invoked the guarantee by sending a recall notice dated 24.12.2018 to both the Corporate Debtor and the Personal Guarantor. Liquidation proceedings
…State Bank of India (SBI) filed an application to initiate the Insolvency Resolution Process (IRP) against Ms. Jaya Singh, who is the personal guarantor for M/s. Energo Engineering Projects Limited (Corporate Debtor). SBI claimed that the Corporate Debtor defaulted on credit facilities amounting to Rs. 794,00,32,924.21 as of 15.12.2018. These credit facilities were disbursed by SBI and its subsidiary banks, including State Bank of Mysore, State Bank of Hyderabad, State Bank of Bikaner & Jaipur, and State Bank of Travancore, which have since merged with SBI. Ms. Jaya Singh executed personal guarantee deeds in favor of SBI. SBI invoked the guarantee by sending a recall notice dated 24.12.2018 to the Corporate Debtor and Ms. Jaya Singh. Liquidation proceedings against
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Deed of Guarantee dated 02.02.2013 executed by…
Deed of Guarantee dated 11.06.2014 executed by…
The State Bank of India filed an application under Section 95(1) of the Insolvency and Bankruptcy Code (IBC) read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for IRP for Personal Guarantors to Corporate Debtor) Rules, 2019, to initiate the Insolvency Resolution Process against Ms. Jaya Singh, the Personal Guarantor of M/s. Energo Engineering Projects Limited, the Corporate Debtor. The applicant claimed that the corporate debtor defaulted on credit facilities amounting to Rs. 794,00,32,924.21 as of 15.12.2018, and Ms. Jaya Singh had executed personal guarantee deeds. The applicant invoked the guarantee by sending a recall notice dated 24.12.2018 to both the Corporate Debtor and the Personal Guarantor. Liquidation proceedings
…State Bank of India (SBI) filed an application to initiate the Insolvency Resolution Process (IRP) against Ms. Jaya Singh, who is the personal guarantor for M/s. Energo Engineering Projects Limited (Corporate Debtor). SBI claimed that the Corporate Debtor defaulted on credit facilities amounting to Rs. 794,00,32,924.21 as of 15.12.2018. These credit facilities were disbursed by SBI and its subsidiary banks, including State Bank of Mysore, State Bank of Hyderabad, State Bank of Bikaner & Jaipur, and State Bank of Travancore, which have since merged with SBI. Ms. Jaya Singh executed personal guarantee deeds in favor of SBI. SBI invoked the guarantee by sending a recall notice dated 24.12.2018 to the Corporate Debtor and Ms. Jaya Singh. Liquidation proceedings against
…Deed of Guarantee dated 02.02.2013 executed by…
Deed of Guarantee dated 11.06.2014 executed by…