The case involves a Company Petition filed by Canara Bank of India Limited to initiate the Corporate Insolvency Resolution Process (CIRP) against Shri Saurabh Dilip Pradhan, the Personal Guarantor of the Corporate Debtor, Cottstown Fashion Limited. The petitioner has brought to the attention of the court the Deed of Personal Guarantee dated 20.03.2015 and the Demand Notice dated 07.05.2024 sent to the Respondent/Personal Guarantor for unpaid debt in default.
Canara Bank of India Limited filed a Company Petition to initiate the Corporate Insolvency Resolution Process (CIRP) against Shri Saurabh Dilip Pradhan, who is the Personal Guarantor of the Corporate Debtor, Cottstown Fashion Limited. The petition is based on a Deed of Personal Guarantee dated 2015-03-20 and a Demand Notice dated 2024-05-07, which were issued due to unpaid debt in default by M/s. Cottstown Fashion Limited. The petitioner seeks to recover the debt from the personal guarantor, Saurabh Dilip Pradhan, due to the default of the corporate debtor. The court noted that the petition is complete in all respects as required by law.
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Date of the Deed of…
Date of the Demand Notice sent to the…
The case involves a Company Petition filed by Canara Bank of India Limited to initiate the Corporate Insolvency Resolution Process (CIRP) against Shri Saurabh Dilip Pradhan, the Personal Guarantor of the Corporate Debtor, Cottstown Fashion Limited. The petitioner has brought to the attention of the court the Deed of Personal Guarantee dated 20.03.2015 and the Demand Notice dated 07.05.2024 sent to the Respondent/Personal Guarantor for unpaid debt in default.
Canara Bank of India Limited filed a Company Petition to initiate the Corporate Insolvency Resolution Process (CIRP) against Shri Saurabh Dilip Pradhan, who is the Personal Guarantor of the Corporate Debtor, Cottstown Fashion Limited. The petition is based on a Deed of Personal Guarantee dated 2015-03-20 and a Demand Notice dated 2024-05-07, which were issued due to unpaid debt in default by M/s. Cottstown Fashion Limited. The petitioner seeks to recover the debt from the personal guarantor, Saurabh Dilip Pradhan, due to the default of the corporate debtor. The court noted that the petition is complete in all respects as required by law.
Date of the Deed of…
Date of the Demand Notice sent to the…