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TMI Blog2022 (7) TMI 144X X X X Extracts X X X X X X X X Extracts X X X X ..... acility Agreements. The Applicant has issued a Demand Notice in Form B on 19/10/2020 under Rule 7(1) of the IB Rules, 2019 demanding Rs.62,59,94,939.27 along with unapplied interest, other charges and costs till repayment in full. In this factual conspectus, the applicant prays for initiation of insolvency resolution process, against the respondent/personal guarantor - It is made known to everyone that on filing this Application by the Applicant/Creditor the interim-moratorium commences in terms of section 96(1)(a) of IBC, 2016. Petition admitted - moratorium declared. - C. P. (IB)/92(KB)2022 - - - Dated:- 27-6-2022 - Shri Rohit Kapoor : Member (Judicial) And Shri Harish Chander Suri : Member (Technical) For Financial Credit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... C. Dutt Road, Alkapuri, Baroda 390007, Gujarat State and Branch Office amongst other places at Bank of Baroda, Stressed Assets Management Branch, 1st Floor, Avani Heights, 59A, Chowringhee Road, Kolkata 700020. 4. The Principal Borrower PFAPL and guarantor had approached the applicant seeking grant of various Credit Facilities. On the representations made by the PFAPL , the Applicant had extended various Credit facilities from time to time for its business purpose. As per the Credit Facilities, PFAPL was obliged to repay the principal sum of Credit along with interest thereon in accordance with repayment schedule as set out in the agreements. For the aforesaid Credit facilities, Deed of Guarantee was executed by the respondent pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... redit Facilities together with all interest, additional interest, liquidated damages, premium on repayments, reimbursement of all costs, charges and expenses and all other obligations payable by PFAPL in respect of the Facility Agreements. The Applicant has issued a Demand Notice in Form B At pages 144 to 146 of the petition (Annexure F ) on 19/10/2020 under Rule 7(1) of the IB Rules, 2019 demanding Rs.62,59,94,939.27 along with unapplied interest, other charges and costs till repayment in full. 7. In this factual conspectus, the applicant prays for initiation of insolvency resolution process, against the respondent/personal guarantor. 8. It is made known to everyone that on filing this Application by the Applicant/Creditor the i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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