Samunnati Agro Solutions Pvt. Ltd. (Applicant/Financial Creditor) filed an Interlocutory Application (IA No. 7 of 2025) seeking the dismissal of a company petition (CP(IB)/68(MP)2024) filed by Shikha Tayal (Respondent/Personal Guarantor) under Section 94 of the Insolvency and Bankruptcy Code, 2016 (IBC). Samunnati Agro had provided financial assistance to M/s Shri Bhagwati Agro Industries Pvt. Ltd., for which Shikha Tayal served as the personal guarantor. A default occurred, leading to recall notices issued on 09.10.2024 and 04.12.2024, invoking the personal guarantee for outstanding dues of Rs. 2,70,97,433/-. The Applicant argued that Shikha Tayal's Section 94 petition was not filed in good faith, but rather to secure the benefits of an interim moratorium under
…Samunnati Agro Solutions Pvt. Ltd. (Applicant) extended financial assistance to M/s Shri Bhagwati Agro Industries Pvt. Ltd.
Shikha Tayal (Respondent) is a Personal Guarantor for the financial facility provided to M/s Shri Bhagwati Agro Industries Pvt. Ltd.
A recall notice was issued on 09.10.2024 due to default, followed by a subsequent notice on 04.12.2024 invoking the personal guarantee.
Outstanding dues of Rs.2,70,97,433/- remain unpaid by the Personal Guarantor.
Shikha Tayal filed a petition under Section 94 of the Insolvency and Bankruptcy Code, 2016 (IBC).
Samunnati Agro Solutions Pvt. Ltd. filed Interlocutory Application No. 7 of 2025 (IA No. 7 of 2025) seeking dismissal of Shikha Tayal's Section 94 petition.
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Samunnati Agro Solutions Pvt. Ltd. issued a…
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Samunnati Agro Solutions Pvt. Ltd. (Applicant/Financial Creditor) filed an Interlocutory Application (IA No. 7 of 2025) seeking the dismissal of a company petition (CP(IB)/68(MP)2024) filed by Shikha Tayal (Respondent/Personal Guarantor) under Section 94 of the Insolvency and Bankruptcy Code, 2016 (IBC). Samunnati Agro had provided financial assistance to M/s Shri Bhagwati Agro Industries Pvt. Ltd., for which Shikha Tayal served as the personal guarantor. A default occurred, leading to recall notices issued on 09.10.2024 and 04.12.2024, invoking the personal guarantee for outstanding dues of Rs. 2,70,97,433/-. The Applicant argued that Shikha Tayal's Section 94 petition was not filed in good faith, but rather to secure the benefits of an interim moratorium under
…Samunnati Agro Solutions Pvt. Ltd. (Applicant) extended financial assistance to M/s Shri Bhagwati Agro Industries Pvt. Ltd.
Shikha Tayal (Respondent) is a Personal Guarantor for the financial facility provided to M/s Shri Bhagwati Agro Industries Pvt. Ltd.
A recall notice was issued on 09.10.2024 due to default, followed by a subsequent notice on 04.12.2024 invoking the personal guarantee.
Outstanding dues of Rs.2,70,97,433/- remain unpaid by the Personal Guarantor.
Shikha Tayal filed a petition under Section 94 of the Insolvency and Bankruptcy Code, 2016 (IBC).
Samunnati Agro Solutions Pvt. Ltd. filed Interlocutory Application No. 7 of 2025 (IA No. 7 of 2025) seeking dismissal of Shikha Tayal's Section 94 petition.
…Samunnati Agro Solutions Pvt. Ltd. issued a…
A subsequent notice was…
Sign in to view related legal provisions.