The Karur Vysya Bank Limited filed an application under Section 95(1) read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for IRP for Personal Guarantors to Corporate Debtor) Rules, 2019, to initiate the Insolvency Resolution Process against Mr. Sourabh Goel, the Personal Guarantor/Debtor, who is the Guarantor of M/s. Mahesh Industries Private Limited, the Corporate Debtor. The application pertains to a guarantee deed executed by Sourabh Goel on 21.08.2015, extending guarantee to the loan granted to M/s. Mahesh Industries Private Limited. The loan accounts of the Corporate Debtor became Non-Performing Assets on 31.03.2017.
Karur Vysya Bank Limited (the 'Applicant/Creditor') filed an application under Section 95(1) read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for IRP for Personal Guarantors to Corporate Debtor) Rules, 2019, to initiate the Insolvency Resolution Process against Mr. Sourabh Goel (Personal Guarantor/Debtor), who is the Guarantor of M/s. Mahesh Industries Private Limited (the 'Corporate Debtor'). On 21.08.2015, the Guarantee Deed was executed and signed by Mr. Sourabh Goel extending guarantee to the loan granted to M/s.Mahesh Industries Private Limited. The loan accounts of the Corporate Debtor became Non-Performing Asset (NPA) on 31.03.2017. The applicant invoked the guarantee on 19.04.2017 and sent a demand notice on
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Guarantee Deed executed and signed by Mr.…
Loan accounts of the Corporate Debtor M/s.…
The Karur Vysya Bank Limited filed an application under Section 95(1) read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for IRP for Personal Guarantors to Corporate Debtor) Rules, 2019, to initiate the Insolvency Resolution Process against Mr. Sourabh Goel, the Personal Guarantor/Debtor, who is the Guarantor of M/s. Mahesh Industries Private Limited, the Corporate Debtor. The application pertains to a guarantee deed executed by Sourabh Goel on 21.08.2015, extending guarantee to the loan granted to M/s. Mahesh Industries Private Limited. The loan accounts of the Corporate Debtor became Non-Performing Assets on 31.03.2017.
Karur Vysya Bank Limited (the 'Applicant/Creditor') filed an application under Section 95(1) read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for IRP for Personal Guarantors to Corporate Debtor) Rules, 2019, to initiate the Insolvency Resolution Process against Mr. Sourabh Goel (Personal Guarantor/Debtor), who is the Guarantor of M/s. Mahesh Industries Private Limited (the 'Corporate Debtor'). On 21.08.2015, the Guarantee Deed was executed and signed by Mr. Sourabh Goel extending guarantee to the loan granted to M/s.Mahesh Industries Private Limited. The loan accounts of the Corporate Debtor became Non-Performing Asset (NPA) on 31.03.2017. The applicant invoked the guarantee on 19.04.2017 and sent a demand notice on
…Guarantee Deed executed and signed by Mr.…
Loan accounts of the Corporate Debtor M/s.…