Bank of Maharashtra filed three company petitions (CP (IB) No. 875/MB/2023, CP (IB) No. 876/MB/2023, and CP (IB) No. 904/MB/2023) under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to the Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, seeking to initiate insolvency resolution processes against Ms. Sheetal Thakur, Ms. Aarti Thakur, and Mr. Sidhant Thakur, who are personal guarantors to Anmol Rice Mill Private Limited (Corporate Debtor). The bank claimed a default of Rs. 22,92,71,428.90 as of 25.07.2023. The applications were filed on 18.08.2023 and 21.08.2023. The Resolution Professional recommended admission of the
…Bank of Maharashtra (Applicant/Financial Creditor) filed three company petitions against Ms. Sheetal Thakur, Ms. Aarti Thakur, and Mr. Sidhant Thakur (Respondents/Personal Guarantors) under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate insolvency resolution processes against them as personal guarantors to Anmol Rice Mill Private Limited (Corporate Debtor). The bank claimed a default of Rs. 22,92,71,428.90 as of 25.07.2023. The alleged debt fell due on 15.07.2013, and the dates of default as per Part-III of the three Applications is 22.10.2014. The bank had extended credit facilities to the Corporate Debtor, including a term loan of Rs. 2,00,00,000 and a cash credit facility of Rs. 7,50,00,000. The Respondents/Personal Guarantors had
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Bank of Maharashtra filed three company petitions (CP (IB) No. 875/MB/2023, CP (IB) No. 876/MB/2023, and CP (IB) No. 904/MB/2023) under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to the Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, seeking to initiate insolvency resolution processes against Ms. Sheetal Thakur, Ms. Aarti Thakur, and Mr. Sidhant Thakur, who are personal guarantors to Anmol Rice Mill Private Limited (Corporate Debtor). The bank claimed a default of Rs. 22,92,71,428.90 as of 25.07.2023. The applications were filed on 18.08.2023 and 21.08.2023. The Resolution Professional recommended admission of the
…Bank of Maharashtra (Applicant/Financial Creditor) filed three company petitions against Ms. Sheetal Thakur, Ms. Aarti Thakur, and Mr. Sidhant Thakur (Respondents/Personal Guarantors) under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate insolvency resolution processes against them as personal guarantors to Anmol Rice Mill Private Limited (Corporate Debtor). The bank claimed a default of Rs. 22,92,71,428.90 as of 25.07.2023. The alleged debt fell due on 15.07.2013, and the dates of default as per Part-III of the three Applications is 22.10.2014. The bank had extended credit facilities to the Corporate Debtor, including a term loan of Rs. 2,00,00,000 and a cash credit facility of Rs. 7,50,00,000. The Respondents/Personal Guarantors had
…Date of the Sanction…
Date of the Deed of…