Vistra ITCL (India) Limited filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against the Personal Guarantor/Respondent Mr. V.S.Suresh of M/s. Real Value Ventures Private Limited, the Corporate Debtor. CIRP was initiated against the Corporate Debtor vide an order dated 21.11.2017. The application was filed due to the Corporate Debtor's failure to repay credit facilities taken from the Applicant, for which the Respondent had given a personal guarantee. The Applicant has provided particulars of debt amounting to Rs.2397,18,10,000/- with the date of default as 24.09.2018. The Demand Notice issued under Rule 7(1) of the Insolvency and Bankruptcy Rules, 2019, was served to the Personal Guarantor on 07.11.2023.
Vistra ITCL (India) Limited, formerly known as IL&FS Trust Company Limited, filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against Mr. V.S.Suresh, the personal guarantor of M/s. Real Value Ventures Private Limited, the Corporate Debtor. The Corporate Debtor had taken credit facilities from the Applicant, and Mr. V.S.Suresh had given a personal guarantee for the said loan. The Corporate Debtor failed to repay the debt, leading the Applicant to initiate CIRP against the Corporate Debtor. The amount of default is Rs.2397,18,10,000/-, and the date of default is 24.09.2018. The Applicant has placed the Deed of Guarantor, Equitable Mortgage of Title Deeds, and Share Pledge Agreements on record. A Demand Notice was issued to the
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CIRP was initiated against the Corporate…
The date of de…
Vistra ITCL (India) Limited filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against the Personal Guarantor/Respondent Mr. V.S.Suresh of M/s. Real Value Ventures Private Limited, the Corporate Debtor. CIRP was initiated against the Corporate Debtor vide an order dated 21.11.2017. The application was filed due to the Corporate Debtor's failure to repay credit facilities taken from the Applicant, for which the Respondent had given a personal guarantee. The Applicant has provided particulars of debt amounting to Rs.2397,18,10,000/- with the date of default as 24.09.2018. The Demand Notice issued under Rule 7(1) of the Insolvency and Bankruptcy Rules, 2019, was served to the Personal Guarantor on 07.11.2023.
Vistra ITCL (India) Limited, formerly known as IL&FS Trust Company Limited, filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against Mr. V.S.Suresh, the personal guarantor of M/s. Real Value Ventures Private Limited, the Corporate Debtor. The Corporate Debtor had taken credit facilities from the Applicant, and Mr. V.S.Suresh had given a personal guarantee for the said loan. The Corporate Debtor failed to repay the debt, leading the Applicant to initiate CIRP against the Corporate Debtor. The amount of default is Rs.2397,18,10,000/-, and the date of default is 24.09.2018. The Applicant has placed the Deed of Guarantor, Equitable Mortgage of Title Deeds, and Share Pledge Agreements on record. A Demand Notice was issued to the
…CIRP was initiated against the Corporate…
The date of de…