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 the 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 the Corporate Debtor.
The applicant received a notice dated 04.09.2019 under section 13(2) of the SARFAESI Act, 2002 from Bank of Baroda seeking invocation of the personal guarantee.
The amount of default is Rs. 5,84,22,267.87/- and the date of default is 02.11.2019.
The application was filed in respect of debts which are not excluded debts under Section 79(15)(c) of the Code.
An interim moratorium commenced from 16.03.2022, the date of filing of the application.
Mr. Vishnu Upadhyay was appointed as the Resolution Professional.
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Applicant received a notice dated 04.09.2019…
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 the 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 the Corporate Debtor.
The applicant received a notice dated 04.09.2019 under section 13(2) of the SARFAESI Act, 2002 from Bank of Baroda seeking invocation of the personal guarantee.
The amount of default is Rs. 5,84,22,267.87/- and the date of default is 02.11.2019.
The application was filed in respect of debts which are not excluded debts under Section 79(15)(c) of the Code.
An interim moratorium commenced from 16.03.2022, the date of filing of the application.
Mr. Vishnu Upadhyay was appointed as the Resolution Professional.
Applicant received a notice dated 04.09.2019…
The date of de…