The case pertains to an application filed by Bal Krishan, a personal guarantor to M/s. Swati Cast & Forging Private Limited, under Section 94 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking initiation of the Insolvency Resolution Process (IRP). Bal Krishan has extended personal guarantees to financial creditor Punjab & Sind Bank and other lenders. The personal guarantee has been extended for the loan facilities availed by the corporate debtor. The applicant is indebted to Punjab and Sind Bank for Rs. 18,33,91,655.46/-. The application was filed in the prescribed proforma, with compliance affidavit incorporated vide Diary No.01378/2 dated 15.03.2022, stating that the applicant is not an undischarged bankrupt or undergoing any insolvency resolution
…Bal Krishan, a personal guarantor to M/s. Swati Cast & Forging Private Limited, filed an application under Section 94 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking initiation of the Insolvency Resolution Process (IRP). Bal Krishan has extended personal guarantees to financial creditor Punjab & Sind Bank and other lenders. The personal guarantee has been extended for the loan facilities availed by the corporate debtor. The applicant is indebted to Punjab and Sind Bank for Rs. 18,33,91,655.46/-. The application was filed in the prescribed proforma, with compliance affidavit incorporated vide Diary No.01378/2 dated 15.03.2022, stating that the applicant is not an undischarged bankrupt or undergoing any insolvency resolution process. The Adjudicating
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Compliance affidavit pursuant to order dated…
Compliance affidavit…
The case pertains to an application filed by Bal Krishan, a personal guarantor to M/s. Swati Cast & Forging Private Limited, under Section 94 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking initiation of the Insolvency Resolution Process (IRP). Bal Krishan has extended personal guarantees to financial creditor Punjab & Sind Bank and other lenders. The personal guarantee has been extended for the loan facilities availed by the corporate debtor. The applicant is indebted to Punjab and Sind Bank for Rs. 18,33,91,655.46/-. The application was filed in the prescribed proforma, with compliance affidavit incorporated vide Diary No.01378/2 dated 15.03.2022, stating that the applicant is not an undischarged bankrupt or undergoing any insolvency resolution
…Bal Krishan, a personal guarantor to M/s. Swati Cast & Forging Private Limited, filed an application under Section 94 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking initiation of the Insolvency Resolution Process (IRP). Bal Krishan has extended personal guarantees to financial creditor Punjab & Sind Bank and other lenders. The personal guarantee has been extended for the loan facilities availed by the corporate debtor. The applicant is indebted to Punjab and Sind Bank for Rs. 18,33,91,655.46/-. The application was filed in the prescribed proforma, with compliance affidavit incorporated vide Diary No.01378/2 dated 15.03.2022, stating that the applicant is not an undischarged bankrupt or undergoing any insolvency resolution process. The Adjudicating
…Compliance affidavit pursuant to order dated…
Compliance affidavit…