The application was filed by PNB Housing Finance Limited ('Applicant/Creditor') under Section 95(1) r/w 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. Pramod Kumar Gupta (Personal Guarantor/Debtor), who is the Guarantor of M/s Ajnara India Limited and M/s Adonis Buildtech Private Limited ('Corporate Debtor herein referred as Borrowers'). The applicant stated that it had provided various construction finance/credit facilities to the Corporate Debtors vide sanction letters dated 08.12.2016, 18.05.2017, and 16.08.2018. The applicant claimed a total debt of Rs.1,82,34,06,251.65.00.
PNB Housing Finance Limited (the 'Applicant/Creditor') filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) against Mr. Pramod Kumar Gupta (the 'Personal Guarantor/Debtor'), who is the guarantor for M/s Ajnara India Limited and M/s Adonis Buildtech Private Limited (the 'Corporate Debtors'). The Applicant had provided construction finance/credit facilities to the Corporate Debtors, and the total debt claimed was Rs. 1,82,34,06,251.65. The applicant issued guarantee invocation notices and demand notices to the personal guarantor. The personal guarantor raised objections regarding the maintainability of the application, arguing that no CIRP or liquidation proceedings were pending against the corporate debtors. The applicant annexed
…Sign in to view the parties.
Date of one of the sanction letters for…
Date of one of the sanction letters for…
The application was filed by PNB Housing Finance Limited ('Applicant/Creditor') under Section 95(1) r/w 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. Pramod Kumar Gupta (Personal Guarantor/Debtor), who is the Guarantor of M/s Ajnara India Limited and M/s Adonis Buildtech Private Limited ('Corporate Debtor herein referred as Borrowers'). The applicant stated that it had provided various construction finance/credit facilities to the Corporate Debtors vide sanction letters dated 08.12.2016, 18.05.2017, and 16.08.2018. The applicant claimed a total debt of Rs.1,82,34,06,251.65.00.
PNB Housing Finance Limited (the 'Applicant/Creditor') filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) against Mr. Pramod Kumar Gupta (the 'Personal Guarantor/Debtor'), who is the guarantor for M/s Ajnara India Limited and M/s Adonis Buildtech Private Limited (the 'Corporate Debtors'). The Applicant had provided construction finance/credit facilities to the Corporate Debtors, and the total debt claimed was Rs. 1,82,34,06,251.65. The applicant issued guarantee invocation notices and demand notices to the personal guarantor. The personal guarantor raised objections regarding the maintainability of the application, arguing that no CIRP or liquidation proceedings were pending against the corporate debtors. The applicant annexed
…Date of one of the sanction letters for…
Date of one of the sanction letters for…