PNB Housing Finance Limited, the 'Applicant/Creditor', filed an application 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. Vinod Kumar Gupta, the 'Personal Guarantor/Debtor'. Mr. Gupta is the guarantor of M/s Ajnara India Limited and M/s Adonis Buildtech Private Limited, the ‘Corporate Debtors herein referred as Borrowers'. The applicant had provided various construction finance/credit facilities to the Corporate Debtors, and the corporate debtors defaulted on the repayment of the loan.
PNB Housing Finance Limited ('Applicant/Creditor') filed an application to initiate the Insolvency Resolution Process against Mr. Vinod Kumar Gupta ('Personal Guarantor/Debtor'). Mr. Gupta is the guarantor for M/s Ajnara India Limited and M/s Adonis Buildtech Private Limited ('Corporate Debtors'). The applicant provided construction finance/credit facilities to the Corporate Debtors. Three loan agreements were executed between the Applicant and the Corporate Debtor on 14.12.2016, 24.05.2017, and 28.08.2018. The Applicant claimed a total debt of Rs. 1,82,34,06,251.65.00. The Applicant invoked the Guarantee vide Notices dated 16.04.2021 and 28.06.2021. A Demand Notice in Form-B was sent on 20.11.2021 to the Personal Guarantor demanding payment of Rs.1,79,01,74,275.33 as
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First loan agreement…
Second loan agreement…
PNB Housing Finance Limited, the 'Applicant/Creditor', filed an application 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. Vinod Kumar Gupta, the 'Personal Guarantor/Debtor'. Mr. Gupta is the guarantor of M/s Ajnara India Limited and M/s Adonis Buildtech Private Limited, the ‘Corporate Debtors herein referred as Borrowers'. The applicant had provided various construction finance/credit facilities to the Corporate Debtors, and the corporate debtors defaulted on the repayment of the loan.
PNB Housing Finance Limited ('Applicant/Creditor') filed an application to initiate the Insolvency Resolution Process against Mr. Vinod Kumar Gupta ('Personal Guarantor/Debtor'). Mr. Gupta is the guarantor for M/s Ajnara India Limited and M/s Adonis Buildtech Private Limited ('Corporate Debtors'). The applicant provided construction finance/credit facilities to the Corporate Debtors. Three loan agreements were executed between the Applicant and the Corporate Debtor on 14.12.2016, 24.05.2017, and 28.08.2018. The Applicant claimed a total debt of Rs. 1,82,34,06,251.65.00. The Applicant invoked the Guarantee vide Notices dated 16.04.2021 and 28.06.2021. A Demand Notice in Form-B was sent on 20.11.2021 to the Personal Guarantor demanding payment of Rs.1,79,01,74,275.33 as
…First loan agreement…
Second loan agreement…