Indiabulls Housing Finance Limited filed a Company Petition under Section 95 of the Insolvency & Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, to initiate Individual Insolvency Resolution Process (IRP) against Mrs. Ritu Chhabria, the Personal Guarantor.
Indiabulls Housing Finance Limited filed a petition against Mrs. Ritu Chhabria, who is the personal guarantor to Raghuleela Infraventures Private Limited.
Raghuleela Infraventures Private Limited approached Indiabulls Housing Finance Limited for loan facilities amounting to INR 283 Crores in March 2017.
Indiabulls Housing Finance Limited sanctioned two loans: Loan 1 of INR 150,00,00,000/- and Loan 2 of INR 133,00,00,000/-.
A Deed of Personal Guarantee was executed by Mrs. Ritu Chhabria on 14.03.2017.
The total amount disbursed by the Financial Creditor to the Corporate Debtor is INR 146,68,83,834/-.
A Demand Notice in Form B dated 07.07.2021 was issued to the Personal Guarantor claiming total outstanding of Rs.124,86,18,294/- as on 09.03.2020.
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Raghuleela Infraventures Private Limited…
Loan Agreement dated March 14, 2017 for an…
Indiabulls Housing Finance Limited filed a Company Petition under Section 95 of the Insolvency & Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, to initiate Individual Insolvency Resolution Process (IRP) against Mrs. Ritu Chhabria, the Personal Guarantor.
Indiabulls Housing Finance Limited filed a petition against Mrs. Ritu Chhabria, who is the personal guarantor to Raghuleela Infraventures Private Limited.
Raghuleela Infraventures Private Limited approached Indiabulls Housing Finance Limited for loan facilities amounting to INR 283 Crores in March 2017.
Indiabulls Housing Finance Limited sanctioned two loans: Loan 1 of INR 150,00,00,000/- and Loan 2 of INR 133,00,00,000/-.
A Deed of Personal Guarantee was executed by Mrs. Ritu Chhabria on 14.03.2017.
The total amount disbursed by the Financial Creditor to the Corporate Debtor is INR 146,68,83,834/-.
A Demand Notice in Form B dated 07.07.2021 was issued to the Personal Guarantor claiming total outstanding of Rs.124,86,18,294/- as on 09.03.2020.
…Raghuleela Infraventures Private Limited…
Loan Agreement dated March 14, 2017 for an…