UCO Bank filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mrs. Garima Dugar, the personal guarantor to M/s Feather and Flute Fintrade Private Limited, for default in repayment of a financial debt amounting to Rs. 1,31,52,295.92.
UCO Bank, Rehabari Branch, filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016 against Garima Dugar.
The petition relates to a default in repayment of Rs. 1,31,52,295.92 as on 31.12.2024.
Garima Dugar is the Personal Guarantor to M/s Feather and Flute Fintrade Private Limited, the Corporate Debtor.
The Corporate Debtor availed credit facilities from UCO Bank, including term loans and cash credit facilities.
Corporate Debtor issued Demand Promissory Notes in favour of the Financial Creditor.
The loan accounts of the Corporate Debtor were classified as Non-Performing Asset (NPA) on 25.05.2022.
The Financial Creditor issued a demand notice on 30.06.2022, under Section 13(2) of SARFAESI Act, 2002.
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UCO Bank filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mrs. Garima Dugar, the personal guarantor to M/s Feather and Flute Fintrade Private Limited, for default in repayment of a financial debt amounting to Rs. 1,31,52,295.92.
UCO Bank, Rehabari Branch, filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016 against Garima Dugar.
The petition relates to a default in repayment of Rs. 1,31,52,295.92 as on 31.12.2024.
Garima Dugar is the Personal Guarantor to M/s Feather and Flute Fintrade Private Limited, the Corporate Debtor.
The Corporate Debtor availed credit facilities from UCO Bank, including term loans and cash credit facilities.
Corporate Debtor issued Demand Promissory Notes in favour of the Financial Creditor.
The loan accounts of the Corporate Debtor were classified as Non-Performing Asset (NPA) on 25.05.2022.
The Financial Creditor issued a demand notice on 30.06.2022, under Section 13(2) of SARFAESI Act, 2002.
…Financial Creditor…
Corporate Debtor signed…
Sign in to view related legal provisions.