The case involves a petition filed by State Bank of India under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. Hemant Bohra, the personal guarantor to the corporate debtor, Bohra Industries Limited. The petition was filed through the Resolution Professional (RP), Mr. Manohar Lal Vij. Bohra Industries Limited was already undergoing Corporate Insolvency Resolution Process (CIRP) under an NCLT Jaipur Order dated 07.08.2019. The petition is based on a personal guarantee given by Mr. Hemant Bohra to State Bank of India for a loan amount of ₹68.5cr, evidenced by a Sanction Letter dated 10.08.2017 and a Supplementary Deed of Guarantee dated 05.09.2017.
State Bank of India (SBI) filed a petition under Section 95 of the Insolvency and Bankruptcy Code (IBC) against Mr. Hemant Bohra, who is the personal guarantor for Bohra Industries Limited, the corporate debtor. Bohra Industries Limited was already undergoing Corporate Insolvency Resolution Process (CIRP) based on an earlier order. Mr. Hemant Bohra had provided a personal guarantee to SBI for a loan of ₹68.5cr, documented in a Sanction Letter dated 10.08.2017 and a Supplementary Deed of Guarantee dated 05.09.2017. SBI issued a demand notice to Mr. Bohra on 25.08.2020 for the unpaid debt. The petition under Section 95 was filed after 14 days from the service of the demand notice. The total debt outstanding from the personal guarantor, including interest, was
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State Bank of India issued a Sanction Letter…
A Supplementary Deed of Guarantee was…
The case involves a petition filed by State Bank of India under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. Hemant Bohra, the personal guarantor to the corporate debtor, Bohra Industries Limited. The petition was filed through the Resolution Professional (RP), Mr. Manohar Lal Vij. Bohra Industries Limited was already undergoing Corporate Insolvency Resolution Process (CIRP) under an NCLT Jaipur Order dated 07.08.2019. The petition is based on a personal guarantee given by Mr. Hemant Bohra to State Bank of India for a loan amount of ₹68.5cr, evidenced by a Sanction Letter dated 10.08.2017 and a Supplementary Deed of Guarantee dated 05.09.2017.
State Bank of India (SBI) filed a petition under Section 95 of the Insolvency and Bankruptcy Code (IBC) against Mr. Hemant Bohra, who is the personal guarantor for Bohra Industries Limited, the corporate debtor. Bohra Industries Limited was already undergoing Corporate Insolvency Resolution Process (CIRP) based on an earlier order. Mr. Hemant Bohra had provided a personal guarantee to SBI for a loan of ₹68.5cr, documented in a Sanction Letter dated 10.08.2017 and a Supplementary Deed of Guarantee dated 05.09.2017. SBI issued a demand notice to Mr. Bohra on 25.08.2020 for the unpaid debt. The petition under Section 95 was filed after 14 days from the service of the demand notice. The total debt outstanding from the personal guarantor, including interest, was
…State Bank of India issued a Sanction Letter…
A Supplementary Deed of Guarantee was…