The case pertains to a Company Petition filed by State Bank of India under Section 99 of the Insolvency & Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudication Authority for Insolvency Resolution Process for Personal Guarantors of Corporate Debtor) Rules, 2019, seeking to initiate Personal Insolvency Resolution Process (PIRP) against Mr. Balaji Shrirangrao Chaudhary, the Personal Guarantor, for an outstanding claim of Rs.93,47,90,614.65. The applicant, State Bank of India, is the financial creditor to the corporate debtor, Gajanan Oil Pvt. Ltd., against whom an application under Section 9 of the IBC filed by Ashapura Perfoclay Limited was admitted on 06.05.2019. A Deed of Personal Guarantee (Consortium) dated
…State Bank of India filed a Company Petition under Section 99 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Personal Insolvency Resolution Process (PIRP) against Mr. Balaji Shrirangrao Chaudhary, who is the Personal Guarantor to Gajanan Oil Pvt. Ltd. The outstanding claim against the Personal Guarantor is Rs.93,47,90,614.65. A demand notice was issued to the Personal Guarantor on 17.09.2021, but no response was received. The applicant, State Bank of India, is the financial creditor to the corporate debtor, Gajanan Oil Pvt. Ltd., against whom an application under Section 9 of the IBC filed by Ashapura Perfoclay Limited was admitted on 06.05.2019. A Deed of Personal Guarantee (Consortium) dated 07.09.2016 was executed between State Bank of India and
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Deed of Personal Guarantee (Consortium)…
Application under Section 9 of the IBC filed by…
The case pertains to a Company Petition filed by State Bank of India under Section 99 of the Insolvency & Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudication Authority for Insolvency Resolution Process for Personal Guarantors of Corporate Debtor) Rules, 2019, seeking to initiate Personal Insolvency Resolution Process (PIRP) against Mr. Balaji Shrirangrao Chaudhary, the Personal Guarantor, for an outstanding claim of Rs.93,47,90,614.65. The applicant, State Bank of India, is the financial creditor to the corporate debtor, Gajanan Oil Pvt. Ltd., against whom an application under Section 9 of the IBC filed by Ashapura Perfoclay Limited was admitted on 06.05.2019. A Deed of Personal Guarantee (Consortium) dated
…State Bank of India filed a Company Petition under Section 99 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Personal Insolvency Resolution Process (PIRP) against Mr. Balaji Shrirangrao Chaudhary, who is the Personal Guarantor to Gajanan Oil Pvt. Ltd. The outstanding claim against the Personal Guarantor is Rs.93,47,90,614.65. A demand notice was issued to the Personal Guarantor on 17.09.2021, but no response was received. The applicant, State Bank of India, is the financial creditor to the corporate debtor, Gajanan Oil Pvt. Ltd., against whom an application under Section 9 of the IBC filed by Ashapura Perfoclay Limited was admitted on 06.05.2019. A Deed of Personal Guarantee (Consortium) dated 07.09.2016 was executed between State Bank of India and
…Deed of Personal Guarantee (Consortium)…
Application under Section 9 of the IBC filed by…