IDBI Trusteeship Service Limited filed an application against M/s DSS Infrastructures Private Limited, the Corporate Guarantor for the Principal Borrower, Shree Vardhman Buildprop Pvt. Ltd. The Corporate Debtor argued that since a separate petition under Section 7 of IBC, 2016, is already pending against the Principal Borrower, the present application should be heard by the same bench/court. The applicant had issued default notices to Shree Vardhman Buildprop Pvt. Ltd. and invoked the Bank Guarantee given by the CD/PG.
IDBI Trusteeship Service Limited (Applicant) filed an application against M/s DSS Infrastructures Private Limited (Corporate Debtor), who is the Corporate Guarantor for Shree Vardhman Buildprop Pvt. Ltd. (Principal Borrower). The Applicant had also filed a separate application under Section 7 of IBC, 2016, against the Principal Borrower. The Corporate Debtor argued that the present application should be heard by the same bench/court as the application against the Principal Borrower. The Applicant issued default notices to Shree Vardhman Buildprop Pvt. Ltd. on 05.08.2019 and 18.11.2020. The Bank Guarantee given by the Corporate Debtor was invoked on 06.07.2023. Applications for initiating CIRP against both the Corporate Guarantor and the Principal Borrower are pending
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Date of the Debenture…
Date on which the Corporate Debtor…
IDBI Trusteeship Service Limited filed an application against M/s DSS Infrastructures Private Limited, the Corporate Guarantor for the Principal Borrower, Shree Vardhman Buildprop Pvt. Ltd. The Corporate Debtor argued that since a separate petition under Section 7 of IBC, 2016, is already pending against the Principal Borrower, the present application should be heard by the same bench/court. The applicant had issued default notices to Shree Vardhman Buildprop Pvt. Ltd. and invoked the Bank Guarantee given by the CD/PG.
IDBI Trusteeship Service Limited (Applicant) filed an application against M/s DSS Infrastructures Private Limited (Corporate Debtor), who is the Corporate Guarantor for Shree Vardhman Buildprop Pvt. Ltd. (Principal Borrower). The Applicant had also filed a separate application under Section 7 of IBC, 2016, against the Principal Borrower. The Corporate Debtor argued that the present application should be heard by the same bench/court as the application against the Principal Borrower. The Applicant issued default notices to Shree Vardhman Buildprop Pvt. Ltd. on 05.08.2019 and 18.11.2020. The Bank Guarantee given by the Corporate Debtor was invoked on 06.07.2023. Applications for initiating CIRP against both the Corporate Guarantor and the Principal Borrower are pending
…Date of the Debenture…
Date on which the Corporate Debtor…