The petition was filed on 2022-03-12 under Section 95 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, by Solapur Janata Sahakari Bank Limited, the Financial Creditor, to initiate insolvency resolution process against Mr. Khela Dattu Jhinje, the Personal Guarantor, for recovery of a principal amount of INR 5,41,40,285 and interest of INR 8,00,72,494, totaling INR 13,42,12,779 as of 2021-09-30. The date of default is 2017-03-31, per the Property Mortgaged Loan.
Solapur Janata Sahakari Bank Limited, the Financial Creditor, filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016, to initiate insolvency resolution process against Mr. Khela Dattu Jhinje, the Personal Guarantor, for recovery of INR 13,42,12,779, which includes principal and interest, as of 2021-09-30. The default date is 2017-03-31. Shetkari Sakhar Karkhana (Chandipur) Limited, the Corporate Debtor, had been sanctioned short-term security facilities by the Financial Creditor. The Personal Guarantor had executed a Personal Guarantee and Mortgage Deed. A CIRP had been initiated against the Corporate Debtor. The Financial Creditor issued a Demand Notice to the Personal Guarantor, who disputed the claim. The Insolvency Resolution Professional
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Shetkari Sakhar Karkhana (Chandipur) Limited…
The Personal Guarantor executed the Personal…
The petition was filed on 2022-03-12 under Section 95 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, by Solapur Janata Sahakari Bank Limited, the Financial Creditor, to initiate insolvency resolution process against Mr. Khela Dattu Jhinje, the Personal Guarantor, for recovery of a principal amount of INR 5,41,40,285 and interest of INR 8,00,72,494, totaling INR 13,42,12,779 as of 2021-09-30. The date of default is 2017-03-31, per the Property Mortgaged Loan.
Solapur Janata Sahakari Bank Limited, the Financial Creditor, filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016, to initiate insolvency resolution process against Mr. Khela Dattu Jhinje, the Personal Guarantor, for recovery of INR 13,42,12,779, which includes principal and interest, as of 2021-09-30. The default date is 2017-03-31. Shetkari Sakhar Karkhana (Chandipur) Limited, the Corporate Debtor, had been sanctioned short-term security facilities by the Financial Creditor. The Personal Guarantor had executed a Personal Guarantee and Mortgage Deed. A CIRP had been initiated against the Corporate Debtor. The Financial Creditor issued a Demand Notice to the Personal Guarantor, who disputed the claim. The Insolvency Resolution Professional
…Shetkari Sakhar Karkhana (Chandipur) Limited…
The Personal Guarantor executed the Personal…