The case pertains to an application filed under Section 94(1) of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, by Mr. Vijay Kumar Agarwal, the Applicant/Debtor, who is a personal guarantor for M/s Narayani Tor Pvt. Ltd. (Corporate Debtor).
Mr. Vijay Kumar Agarwal filed an application under Section 94(1) of the IBC as a personal guarantor to M/s Narayani Tor Pvt. Ltd.
Bank of Baroda advanced a loan to M/s Narayani Tor Pvt. Ltd. (Corporate Debtor).
Mr. Vijay Kumar Agarwal received a notice dated 04.09.2019 under section 13(2) of the SARFAESI Act, 2002, from Bank of Baroda due to the default of the Corporate Debtor.
The amount of default is Rs. 5,84,22,267.87/- and the date of default is 02.11.2019.
The Adjudicating Authority noted that no prior application under Chapter III of Part III of the Code had been admitted for the Applicant/Debtor in the preceding twelve months.
An interim moratorium commenced from 16.03.2022, the date of filing the application.
…Sign in to view the parties.
Applicant received a…
The date of de…
The case pertains to an application filed under Section 94(1) of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, by Mr. Vijay Kumar Agarwal, the Applicant/Debtor, who is a personal guarantor for M/s Narayani Tor Pvt. Ltd. (Corporate Debtor).
Mr. Vijay Kumar Agarwal filed an application under Section 94(1) of the IBC as a personal guarantor to M/s Narayani Tor Pvt. Ltd.
Bank of Baroda advanced a loan to M/s Narayani Tor Pvt. Ltd. (Corporate Debtor).
Mr. Vijay Kumar Agarwal received a notice dated 04.09.2019 under section 13(2) of the SARFAESI Act, 2002, from Bank of Baroda due to the default of the Corporate Debtor.
The amount of default is Rs. 5,84,22,267.87/- and the date of default is 02.11.2019.
The Adjudicating Authority noted that no prior application under Chapter III of Part III of the Code had been admitted for the Applicant/Debtor in the preceding twelve months.
An interim moratorium commenced from 16.03.2022, the date of filing the application.
…Applicant received a…
The date of de…