The Bank of Maharashtra, as the Financial Creditor, filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against Mrs. Tejaswini Santosh Shinde, the Personal Guarantor, for the repayment of credit facilities sanctioned to M/s Trimurti Corns Agro Foods Private Limited, the Principal Borrower. The Principal Borrower had approached the Financial Creditor for credit facilities, which were sanctioned on 30.09.2016. The Respondent executed a Deed of Guarantee on 21.10.2016 to secure the credit facility availed by the Principal Borrower. The Financial Creditor issued a notice on 01.03.2017 under Section 13(2) of the SARFESI Act, 2002, calling upon the Principal Borrower and the guarantors to repay the
…The Bank of Maharashtra (Financial Creditor) filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against Mrs. Tejaswini Santosh Shinde (Respondent), who is the Personal Guarantor for the repayment of credit facilities sanctioned to M/s Trimurti Corns Agro Foods Private Limited (Principal Borrower). The credit facilities were sanctioned on 30.09.2016. The Respondent executed a Deed of Guarantee on 21.10.2016. The Financial Creditor issued a notice under Section 13(2) of the SARFESI Act, 2002, on 01.03.2017, demanding repayment. The Principal Borrower defaulted and was admitted into CIRP on 20.11.2018. A demand notice was issued on 02.07.2022. The total amount due was Rs. 38,22,33,280 as of
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The Financial Creditor…
The Respondent executed a Deed of Guarantee…
The Bank of Maharashtra, as the Financial Creditor, filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against Mrs. Tejaswini Santosh Shinde, the Personal Guarantor, for the repayment of credit facilities sanctioned to M/s Trimurti Corns Agro Foods Private Limited, the Principal Borrower. The Principal Borrower had approached the Financial Creditor for credit facilities, which were sanctioned on 30.09.2016. The Respondent executed a Deed of Guarantee on 21.10.2016 to secure the credit facility availed by the Principal Borrower. The Financial Creditor issued a notice on 01.03.2017 under Section 13(2) of the SARFESI Act, 2002, calling upon the Principal Borrower and the guarantors to repay the
…The Bank of Maharashtra (Financial Creditor) filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against Mrs. Tejaswini Santosh Shinde (Respondent), who is the Personal Guarantor for the repayment of credit facilities sanctioned to M/s Trimurti Corns Agro Foods Private Limited (Principal Borrower). The credit facilities were sanctioned on 30.09.2016. The Respondent executed a Deed of Guarantee on 21.10.2016. The Financial Creditor issued a notice under Section 13(2) of the SARFESI Act, 2002, on 01.03.2017, demanding repayment. The Principal Borrower defaulted and was admitted into CIRP on 20.11.2018. A demand notice was issued on 02.07.2022. The total amount due was Rs. 38,22,33,280 as of
…The Financial Creditor…
The Respondent executed a Deed of Guarantee…