The case involves a Company Petition filed by Mr. Srinivas Dande under Section 94(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Insolvency Resolution Process for Personal Guarantors to Corporate Debtors. Mr. Dande is the personal guarantor for loans availed by the Corporate Debtor, M/s. Coursecube Private Limited. The petition was filed due to the default committed by the Corporate Debtor.
Mr. Srinivas Dande filed a Company Petition under Section 94(1) of the I&B Code, 2016, seeking to initiate the Insolvency Resolution Process as a personal guarantor to the Corporate Debtor, M/s. Coursecube Private Limited. The Corporate Debtor defaulted on a debt of Rs.2,72,40,715/-. HDB Financial Services issued Loan Recall and Invocation under Loan Agreement dated 2022-07-21. Vijaya Bank (now Bank of Baroda) issued notices dated 2021-04-09 under Section 13 of the SARFAESI Act, 2002. Sushma Ramanna filed CP (IB) No. 66/BB/2021 under Section 9 of the IBC, 2016, seeking to initiate CIRP against M/s. Coursecube Private Limited, which was admitted on 2022-02-01. The court clarified that the Interim Moratorium commenced on 2022-09-19, the date of filing the
…Sign in to view the parties.
Vijaya Bank (now Bank of Baroda) issued…
The Adjudicating Authority admitted the CP…
The case involves a Company Petition filed by Mr. Srinivas Dande under Section 94(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Insolvency Resolution Process for Personal Guarantors to Corporate Debtors. Mr. Dande is the personal guarantor for loans availed by the Corporate Debtor, M/s. Coursecube Private Limited. The petition was filed due to the default committed by the Corporate Debtor.
Mr. Srinivas Dande filed a Company Petition under Section 94(1) of the I&B Code, 2016, seeking to initiate the Insolvency Resolution Process as a personal guarantor to the Corporate Debtor, M/s. Coursecube Private Limited. The Corporate Debtor defaulted on a debt of Rs.2,72,40,715/-. HDB Financial Services issued Loan Recall and Invocation under Loan Agreement dated 2022-07-21. Vijaya Bank (now Bank of Baroda) issued notices dated 2021-04-09 under Section 13 of the SARFAESI Act, 2002. Sushma Ramanna filed CP (IB) No. 66/BB/2021 under Section 9 of the IBC, 2016, seeking to initiate CIRP against M/s. Coursecube Private Limited, which was admitted on 2022-02-01. The court clarified that the Interim Moratorium commenced on 2022-09-19, the date of filing the
…Vijaya Bank (now Bank of Baroda) issued…
The Adjudicating Authority admitted the CP…