UCO Bank, the Financial Creditor, filed an application (I.A.(IB)No. 1077/KB/2025 in C.P.(IB)/117(KB)2025) against Mr. Souvanik Mal, a Personal Guarantor to Corporate Debtor Bevkart Industries Limited. The application sought to initiate the Insolvency Resolution Process under Section 99 and Section 60(5) of the IBC, 2016, and also requested condonation of delay in filing. The total debt and default amount was Rs. 10,27,15,000/- as of 31.12.2024. Demand notices were issued on 22.11.2021 and 06.12.2021 (under SARFAESI Act, 2002), with the personal guarantee invoked on 22.11.2021 and a directive to clear dues by 30.11.2021. The date of default was established as 30.11.2021, while the application was filed on 04.04.2025. Mr. Debdas Chakraborty was appointed as the
…UCO Bank, the Financial Creditor, filed an application (I.A.(IB)No. 1077/KB/2025 in C.P.(IB)/117(KB)2025) against Mr. Souvanik Mal, a Personal Guarantor to Corporate Debtor Bevkart Industries Limited, under Section 99 and Section 60(5) of the IBC, 2016.
The application also sought to condone the delay in its filing.
The total amount in debt and default was Rs. 10,27,15,000/- as on 31.12.2024.
On 22.11.2021, UCO Bank issued a demand notice to the Corporate Debtor and personal guarantors for Rs. 7,58,81,655.06/-, with a deadline to clear the outstanding balance by 30.11.2021.
On 06.12.2021, UCO Bank sent another notice under Section 13(2) of the SARFAESI Act, 2002, to the Corporate Debtor and Personal Guarantor for Rs. 7,60,89,574.06/- (inclusive of interest till 10.11.2021).
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UCO Bank, the Financial Creditor, filed an application (I.A.(IB)No. 1077/KB/2025 in C.P.(IB)/117(KB)2025) against Mr. Souvanik Mal, a Personal Guarantor to Corporate Debtor Bevkart Industries Limited. The application sought to initiate the Insolvency Resolution Process under Section 99 and Section 60(5) of the IBC, 2016, and also requested condonation of delay in filing. The total debt and default amount was Rs. 10,27,15,000/- as of 31.12.2024. Demand notices were issued on 22.11.2021 and 06.12.2021 (under SARFAESI Act, 2002), with the personal guarantee invoked on 22.11.2021 and a directive to clear dues by 30.11.2021. The date of default was established as 30.11.2021, while the application was filed on 04.04.2025. Mr. Debdas Chakraborty was appointed as the
…UCO Bank, the Financial Creditor, filed an application (I.A.(IB)No. 1077/KB/2025 in C.P.(IB)/117(KB)2025) against Mr. Souvanik Mal, a Personal Guarantor to Corporate Debtor Bevkart Industries Limited, under Section 99 and Section 60(5) of the IBC, 2016.
The application also sought to condone the delay in its filing.
The total amount in debt and default was Rs. 10,27,15,000/- as on 31.12.2024.
On 22.11.2021, UCO Bank issued a demand notice to the Corporate Debtor and personal guarantors for Rs. 7,58,81,655.06/-, with a deadline to clear the outstanding balance by 30.11.2021.
On 06.12.2021, UCO Bank sent another notice under Section 13(2) of the SARFAESI Act, 2002, to the Corporate Debtor and Personal Guarantor for Rs. 7,60,89,574.06/- (inclusive of interest till 10.11.2021).
…Mr. Souvanik Mal executed a Deed of…
UCO Bank issued a demand notice to the…
Sign in to view related legal provisions.