The Karur Vysya Bank Limited 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. Chand Kumar Goyal, who is the Guarantor of M/s. Giriraj Timber Private Limited. The loan account of the Corporate Debtor became Non-Performing Asset (NPA) on 13.02.2019. The applicant claimed a total debt of Rs.67,34,89,906.02/-.
Karur Vysya Bank Limited (the 'Creditor/Applicant') 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. Chand Kumar Goyal (Personal Guarantor/Debtor), who is the Guarantor of M/s. Giriraj Timber Private Limited (Corporate Debtor). Guarantee Deeds were executed and signed by Mr. Chand Kumar Goyal on 12.06.2015 and 13.06.2015, guaranteeing the loan granted to M/s. Giriraj Timber Private Limited. The loan account of the Corporate Debtor became Non-Performing Asset (NPA) on 13.02.2019. The Applicant claimed a total debt of Rs.67,34,89,906.02/-. The applicant invoked the
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Guarantee Deeds were…
Guarantee Deeds were…
The Karur Vysya Bank Limited 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. Chand Kumar Goyal, who is the Guarantor of M/s. Giriraj Timber Private Limited. The loan account of the Corporate Debtor became Non-Performing Asset (NPA) on 13.02.2019. The applicant claimed a total debt of Rs.67,34,89,906.02/-.
Karur Vysya Bank Limited (the 'Creditor/Applicant') 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. Chand Kumar Goyal (Personal Guarantor/Debtor), who is the Guarantor of M/s. Giriraj Timber Private Limited (Corporate Debtor). Guarantee Deeds were executed and signed by Mr. Chand Kumar Goyal on 12.06.2015 and 13.06.2015, guaranteeing the loan granted to M/s. Giriraj Timber Private Limited. The loan account of the Corporate Debtor became Non-Performing Asset (NPA) on 13.02.2019. The Applicant claimed a total debt of Rs.67,34,89,906.02/-. The applicant invoked the
…Guarantee Deeds were…
Guarantee Deeds were…