M/s. CFM Asset Reconstruction Private Limited, the financial creditor, filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019. This application was against Mr. Ankur Jain, who is the personal guarantor to the corporate debtor, M/s. Noida Software Technology Park Limited. The application seeks to initiate an Insolvency Resolution Process against Mr. Ankur Jain for an outstanding debt of Rs. 45,48,23,552.53 as of March 15, 2021, due from the corporate debtor. The corporate debtor was initially granted a Term Loan of Rs. 25,00,00,000.00 on March 4, 2013. This loan

M/s. CFM Asset Reconstruction Private Limited, the financial creditor, filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019. This application was against Mr. Ankur Jain, who is the personal guarantor to the corporate debtor, M/s. Noida Software Technology Park Limited. The application seeks to initiate an Insolvency Resolution Process against Mr. Ankur Jain for an outstanding debt of Rs. 45,48,23,552.53 as of March 15, 2021, due from the corporate debtor. The corporate debtor was initially granted a Term Loan of Rs. 25,00,00,000.00 on March 4, 2013. This loan