Mohammed Yunus Shoukat Ali Shaikh, as a Financial Creditor, filed an application under Section 95(1) of the Insolvency & Bankruptcy Code, 2016, against Virendra Sajanlal Jaiswal, a Personal Guarantor. The application sought to initiate an Insolvency Resolution Process due to a default in the repayment of a financial facility of Rs. 1,02,00,000/- extended to M/s Makersburry India Private Limited (Corporate Debtor). The Personal Guarantor had executed a Deed of Personal Guarantee on 02.11.2022, making his liability joint, several, and co-extensive with the Corporate Debtor. The total outstanding amount, including interest, was Rs. 1,67,66,527.70/- as of 02.11.2025, with the default occurring on 03.11.2025.
The Company Petition C.P. (IB) NO. 430 of 2026 was filed on 11.04.2026 under Section 95(1) of the Insolvency & Bankruptcy Code, 2016.
The application was filed by Mohammed Yunus Shoukat Ali Shaikh (Applicant/Financial Creditor) against Virendra Sajanlal Jaiswal (Respondent/Personal Guarantor).
The application seeks to initiate an Insolvency Resolution Process against the Personal Guarantor due to a default in repayment.
The total outstanding amount was Rs. 1,67,66,527.70/- as on 02.11.2025, comprising a principal of Rs. 1,02,00,000/- and interest at 18% per annum, compounded annually.
The debt became due on 02.11.2025, and the default occurred on 03.11.2025.
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M/s Makersburry India Private Limited availed…
The financial facility was due for…
Mohammed Yunus Shoukat Ali Shaikh, as a Financial Creditor, filed an application under Section 95(1) of the Insolvency & Bankruptcy Code, 2016, against Virendra Sajanlal Jaiswal, a Personal Guarantor. The application sought to initiate an Insolvency Resolution Process due to a default in the repayment of a financial facility of Rs. 1,02,00,000/- extended to M/s Makersburry India Private Limited (Corporate Debtor). The Personal Guarantor had executed a Deed of Personal Guarantee on 02.11.2022, making his liability joint, several, and co-extensive with the Corporate Debtor. The total outstanding amount, including interest, was Rs. 1,67,66,527.70/- as of 02.11.2025, with the default occurring on 03.11.2025.
The Company Petition C.P. (IB) NO. 430 of 2026 was filed on 11.04.2026 under Section 95(1) of the Insolvency & Bankruptcy Code, 2016.
The application was filed by Mohammed Yunus Shoukat Ali Shaikh (Applicant/Financial Creditor) against Virendra Sajanlal Jaiswal (Respondent/Personal Guarantor).
The application seeks to initiate an Insolvency Resolution Process against the Personal Guarantor due to a default in repayment.
The total outstanding amount was Rs. 1,67,66,527.70/- as on 02.11.2025, comprising a principal of Rs. 1,02,00,000/- and interest at 18% per annum, compounded annually.
The debt became due on 02.11.2025, and the default occurred on 03.11.2025.
…M/s Makersburry India Private Limited availed…
The financial facility was due for…