Punjab National Bank filed C.P.(IB)/238/KB/2024 under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Insolvency Resolution Process against Mrs. Anindita Mukherjee, a personal guarantor to the Corporate Debtor, M/s Purulia Metal Casting Private Limited, under Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtor) Rules, 2019.
Punjab National Bank filed an application to initiate Insolvency Resolution Process against Mrs. Anindita Mukherjee, a personal guarantor to M/s Purulia Metal Casting Pvt. Ltd.
Mrs. Anindita Mukherjee executed several Deeds of Guarantee on various dates to avail credit line facilities for M/s Purulia Metal Casting Private Limited.
The amount in debt is Rs. 75,32,16,880.52 inclusive of all interest calculated as on 31.01.2024.
The Resolution Professional, Mr. Rajnandan Kumar, recommended admission of the personal guarantor into the Insolvency Resolution Process.
A demand notice was issued to the guarantor on 02.02.2024, and the application was filed on 19.07.2024, within the prescribed period of limitation.
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Demand notice i…
Application f…
Punjab National Bank filed C.P.(IB)/238/KB/2024 under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Insolvency Resolution Process against Mrs. Anindita Mukherjee, a personal guarantor to the Corporate Debtor, M/s Purulia Metal Casting Private Limited, under Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtor) Rules, 2019.
Punjab National Bank filed an application to initiate Insolvency Resolution Process against Mrs. Anindita Mukherjee, a personal guarantor to M/s Purulia Metal Casting Pvt. Ltd.
Mrs. Anindita Mukherjee executed several Deeds of Guarantee on various dates to avail credit line facilities for M/s Purulia Metal Casting Private Limited.
The amount in debt is Rs. 75,32,16,880.52 inclusive of all interest calculated as on 31.01.2024.
The Resolution Professional, Mr. Rajnandan Kumar, recommended admission of the personal guarantor into the Insolvency Resolution Process.
A demand notice was issued to the guarantor on 02.02.2024, and the application was filed on 19.07.2024, within the prescribed period of limitation.
…Demand notice i…
Application f…