Canara Bank filed a petition under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Insolvency Resolution Process against Mr. Jagdish Goyal, the personal guarantor to Shree Om Prime Foods Pvt. Ltd., the Corporate Debtor.
Canara Bank extended credit facilities to Shree Om Prime Foods Pvt. Ltd. to the tune of Rs. 475.00 Lakhs vide sanction letter dated 25.02.2015.
Mr. Jagdish Goyal executed a Guarantee Agreement dated 27.02.2015 in relation to the aforementioned facility.
The Corporate Debtor sought an extension of SODH from Rs. 200 Lakhs to Rs. 450 Lakhs, which was granted vide sanction letter dated 10.08.2018.
The Corporate Debtor's account was classified as a non-performing asset on 29.01.2022 due to non-adherence to financial discipline.
Canara Bank issued a demand notice under Section 13(2) of the SARFAESI Act, 2002 dated 31.01.2022 to Mr. Jagdish Goyal.
The Petitioner proposed the name of Mr. Jai Prakash Rawat as the Resolution Professional.
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Canara Bank extended credit facilities to Shree…
Mr. Jagdish…
Canara Bank filed a petition under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Insolvency Resolution Process against Mr. Jagdish Goyal, the personal guarantor to Shree Om Prime Foods Pvt. Ltd., the Corporate Debtor.
Canara Bank extended credit facilities to Shree Om Prime Foods Pvt. Ltd. to the tune of Rs. 475.00 Lakhs vide sanction letter dated 25.02.2015.
Mr. Jagdish Goyal executed a Guarantee Agreement dated 27.02.2015 in relation to the aforementioned facility.
The Corporate Debtor sought an extension of SODH from Rs. 200 Lakhs to Rs. 450 Lakhs, which was granted vide sanction letter dated 10.08.2018.
The Corporate Debtor's account was classified as a non-performing asset on 29.01.2022 due to non-adherence to financial discipline.
Canara Bank issued a demand notice under Section 13(2) of the SARFAESI Act, 2002 dated 31.01.2022 to Mr. Jagdish Goyal.
The Petitioner proposed the name of Mr. Jai Prakash Rawat as the Resolution Professional.
Canara Bank extended credit facilities to Shree…
Mr. Jagdish…