The application was filed under Section 95 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy Rules, 2019, by Bank of Baroda, the Financial Creditor, to initiate the insolvency resolution process against Mrs. Zulekha Amir Dodhia, the Personal Guarantor, for recovery of Rs. 50,14,15,575 as of 31.10.2020 plus unapplied interest. The date of default was stated to be 10.02.2018. The Corporate Debtor was brought under CIRP under Section 7 of the IBC vide order dated 25.09.2019. The Resolution Professional was appointed on 08.03.2022.
Bank of Baroda filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, to initiate the insolvency resolution process against Mrs. Zulekha Amir Dodhia, the Personal Guarantor, for recovery of Rs. 50,14,15,575 as of 31.10.2020 plus unapplied interest. The date of default was stated to be 10.02.2018. The Corporate Debtor was brought under CIRP under Section 7 of the IBC vide order dated 25.09.2019. Letters of Guarantee dated 23.04.2015 and 18.01.2016 were executed by the Personal Guarantors in favor of Bank of Baroda for Rs. 27,19,00,000/- and 30,00,00,000/-. A Supplemental Composite Agreement of Hypothecation of Goods, Book Debts & Moveable Machinery dated 18.01.2016 was executed between Corporate Debtor and Financial Creditor for securing
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The date of de…
The Corporate Debtor was brought under CIRP…
The application was filed under Section 95 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy Rules, 2019, by Bank of Baroda, the Financial Creditor, to initiate the insolvency resolution process against Mrs. Zulekha Amir Dodhia, the Personal Guarantor, for recovery of Rs. 50,14,15,575 as of 31.10.2020 plus unapplied interest. The date of default was stated to be 10.02.2018. The Corporate Debtor was brought under CIRP under Section 7 of the IBC vide order dated 25.09.2019. The Resolution Professional was appointed on 08.03.2022.
Bank of Baroda filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, to initiate the insolvency resolution process against Mrs. Zulekha Amir Dodhia, the Personal Guarantor, for recovery of Rs. 50,14,15,575 as of 31.10.2020 plus unapplied interest. The date of default was stated to be 10.02.2018. The Corporate Debtor was brought under CIRP under Section 7 of the IBC vide order dated 25.09.2019. Letters of Guarantee dated 23.04.2015 and 18.01.2016 were executed by the Personal Guarantors in favor of Bank of Baroda for Rs. 27,19,00,000/- and 30,00,00,000/-. A Supplemental Composite Agreement of Hypothecation of Goods, Book Debts & Moveable Machinery dated 18.01.2016 was executed between Corporate Debtor and Financial Creditor for securing
…The date of de…
The Corporate Debtor was brought under CIRP…