Indiabulls Housing Finance Limited filed a petition under Section 95 of the Insolvency and 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, seeking to initiate Individual Insolvency Resolution Process against Mrs. Ritu Chhabria, the Personal Guarantor.
Indiabulls Housing Finance Limited filed a petition against Mrs. Ritu Chhabria under Section 95 of the IBC.
The total outstanding amount claimed is Rs. 146,68,83,834/-.
Raghuleela Infraventures Private Limited is the Corporate Debtor.
Mrs. Ritu Chhabria is the Personal Guarantor to the loan facilities availed by Raghuleela Infraventures Private Limited.
A demand notice was issued to Mrs. Ritu Chhabria on 07.07.2021.
The Financial Creditor had filed a petition against Raghuleela Infraventures Private Limited, which was admitted on 06.10.2021.
The bench appointed Mr. Nitin Om Kothari as the Resolution Professional.
An interim moratorium was declared as per Section 96(1) of the IBC.
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Raghuleela Infraventures Private Limited…
Loan Agreement dated…
Indiabulls Housing Finance Limited filed a petition under Section 95 of the Insolvency and 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, seeking to initiate Individual Insolvency Resolution Process against Mrs. Ritu Chhabria, the Personal Guarantor.
Indiabulls Housing Finance Limited filed a petition against Mrs. Ritu Chhabria under Section 95 of the IBC.
The total outstanding amount claimed is Rs. 146,68,83,834/-.
Raghuleela Infraventures Private Limited is the Corporate Debtor.
Mrs. Ritu Chhabria is the Personal Guarantor to the loan facilities availed by Raghuleela Infraventures Private Limited.
A demand notice was issued to Mrs. Ritu Chhabria on 07.07.2021.
The Financial Creditor had filed a petition against Raghuleela Infraventures Private Limited, which was admitted on 06.10.2021.
The bench appointed Mr. Nitin Om Kothari as the Resolution Professional.
An interim moratorium was declared as per Section 96(1) of the IBC.
Raghuleela Infraventures Private Limited…
Loan Agreement dated…