The case involves a petition filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) by Piramal Trusteeship Services Private Limited (Applicant) against Mr. Sandeep Hirani (Respondent/Personal Guarantor) for initiating Insolvency Resolution Process. A Security Trustee Agreement was executed on 21.03.2018 between Shamik Enterprises Pvt. Ltd. (Corporate Debtor) as Borrower, Piramal Capital and Housing Limited (Lender), and Piramal Trusteeship Private Limited (Security Trustee). A Loan Agreement was entered into on 22.03.2018, where a loan of Rs. 52 Crores was advanced to the Corporate Debtor. A Deed of Guarantee was executed on 22.03.2018, with the Respondent providing an unconditional and irrevocable Personal Guarantee for the loan repayment.
Piramal Trusteeship Services Private Limited filed a petition under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against Mr. Sandeep Hirani, who is the personal guarantor for Shamik Enterprises Pvt. Ltd., the Corporate Debtor. A Security Trustee Agreement was executed on 21.03.2018 between Shamik Enterprises, Piramal Capital, and Piramal Trusteeship. A Loan Agreement was entered into on 22.03.2018, where a loan of Rs. 52 Crores was advanced to the Corporate Debtor. A Deed of Guarantee was executed on 22.03.2018, with Mr. Hirani providing an unconditional and irrevocable Personal Guarantee for the loan repayment. On 03.02.2022, Corporate Insolvency Resolution Process was initiated against the Corporate Debtor. As of 03.02.2022, a debt of Rs.8,89,49,651/-
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A Security Trustee Agreement was executed…
A Loan Agreement was entered into, under which…
The case involves a petition filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) by Piramal Trusteeship Services Private Limited (Applicant) against Mr. Sandeep Hirani (Respondent/Personal Guarantor) for initiating Insolvency Resolution Process. A Security Trustee Agreement was executed on 21.03.2018 between Shamik Enterprises Pvt. Ltd. (Corporate Debtor) as Borrower, Piramal Capital and Housing Limited (Lender), and Piramal Trusteeship Private Limited (Security Trustee). A Loan Agreement was entered into on 22.03.2018, where a loan of Rs. 52 Crores was advanced to the Corporate Debtor. A Deed of Guarantee was executed on 22.03.2018, with the Respondent providing an unconditional and irrevocable Personal Guarantee for the loan repayment.
Piramal Trusteeship Services Private Limited filed a petition under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against Mr. Sandeep Hirani, who is the personal guarantor for Shamik Enterprises Pvt. Ltd., the Corporate Debtor. A Security Trustee Agreement was executed on 21.03.2018 between Shamik Enterprises, Piramal Capital, and Piramal Trusteeship. A Loan Agreement was entered into on 22.03.2018, where a loan of Rs. 52 Crores was advanced to the Corporate Debtor. A Deed of Guarantee was executed on 22.03.2018, with Mr. Hirani providing an unconditional and irrevocable Personal Guarantee for the loan repayment. On 03.02.2022, Corporate Insolvency Resolution Process was initiated against the Corporate Debtor. As of 03.02.2022, a debt of Rs.8,89,49,651/-
…A Security Trustee Agreement was executed…
A Loan Agreement was entered into, under which…