Back
ALLAHABAD BENCH, PRAYAGRAJ (Applications filed under Section 95 of the Insolvency and Bankruptcy Code, 2016 r/w Rule 7(2) of the Insolvency and Bankruptcy Rules, 2019)
IN THE MATTER OF:
BANK OF BARODA Stressed Assets Management Branch
4th Floor Rajendra Bhawan, Rajendra Palace New Delhi-110008 .........Applicant/Financial Creditor Versus MR. ARUN GOEL
11. Station Chowk Opposite PNB Kiratpur Branch Kiratpur Bijnor Uttar Pradesh- 246731
22. S/O Dhani Ram House No.17 1st Floor Near Panchseela Club Delhi-110017 ..........Respondent AND IN THE MATTER OF:
BANK OF BARODA Stressed Assets Management Branch
4th Floor Rajendra Bhawan, Rajendra Palace New Delhi-110008 .........Applicant/Financial Creditor Versus MR. DEEPAK MITTAL
1. S/O Sh. Ashwani Kumar Mittal Nath House Devpura Haridwar Uttar Pradesh- 249401
2. H. No-77 Usha Colony Sahastradhara Road Dehradun Uttar Pradesh- 248001
33. Pushpanjali realms and infratech Li Orchid Park, Khasara No-11 Tarlan Heli Pad Uttaranchal-248001 ..........Respondent AND IN THE MATTER OF:
BANK OF BARODA Stressed Assets Management Branch
4th Floor Rajendra Bhawan, Rajendra Palace New Delhi-110008 .........Applicant/Financial Creditor Versus MR. PRAMOD AGARWAL
1. S/O Late Sh. Dhani Ram L5 Hauz Khas Enclave Near Char Minar New Delhi-110016
2. Rama Paper Mills Ltd. 12/22 2nd Floor East Patel Nagar, Delhi-110008 ..........Respondent AND IN THE MATTER OF:
BANK OF BARODA Stressed Assets Management Branch
4th Floor Rajendra Bhawan, Rajendra Palace New Delhi-110008 .........Applicant/Financial Creditor Versus MR. KAPIL MITTAL
1. W/O Kapil Kumar H. No. 79 Nath House SIDCUL Sector 5A Shivalik Nagar Haridwar Uttaranchal-249403
2. Kapil Mittal Flat No. 1, P3A Deep Ganga Apartments, SIDCUL Sector 6A Uttaranchal-24903
3. S/O Sh. Ashwani Kumar Mittal Nath House Devpura Haridwara Near Deupra Chok B/H Himgiri /Hotel Uttaranchal-249401
44. Old 620 New 642 Kishan Pura, Baghpat Road Meerut City HO Uttar Pradesh- 250002 ..........Respondent Order pronounced on: 23.04.2026 Coram:
Sh. Praveen Gupta : Member (Judicial)
Sh. Ashish Verma : Member (Technical)
Appearances:
Sh. Ashish Verma with Sh. Nikhil : For the FC/ Bank of Baroda Thakur, Advs.
Sh. Utkarsh Aswal, Adv. : For the RP, Mr. Sandeep Goel present in person Sh. Ravi Data with Sh. Ranit Basu, : For the Personal Guarantor Advs.
ALLAHABAD BENCH, PRAYAGRAJ (Applications filed under Section 95 of the Insolvency and Bankruptcy Code, 2016 r/w Rule 7(2) of the Insolvency and Bankruptcy Rules, 2019)
IN THE MATTER OF:
BANK OF BARODA Stressed Assets Management Branch
4th Floor Rajendra Bhawan, Rajendra Palace New Delhi-110008 .........Applicant/Financial Creditor Versus MR. ARUN GOEL
1. Station Chowk Opposite PNB Kiratpur Branch Kiratpur Bijnor Uttar Pradesh- 246731
2. S/O Dhani Ram House No.17 1st Floor Near Panchseela Club Delhi-110017 ..........Respondent AND IN THE MATTER OF:
BANK OF BARODA Stressed Assets Management Branch
4th Floor Rajendra Bhawan, Rajendra Palace New Delhi-110008 .........Applicant/Financial Creditor Versus MR. DEEPAK MITTAL
1. S/O Sh. Ashwani Kumar Mittal Nath House Devpura Haridwar Uttar Pradesh- 249401
2. H. No-77 Usha Colony Sahastradhara Road Dehradun Uttar Pradesh- 248001
3. Pushpanjali realms and infratech Li Orchid Park, Khasara No-11 Tarlan Heli Pad Uttaranchal-248001 ..........Respondent AND IN THE MATTER OF:
BANK OF BARODA Stressed Assets Management Branch
4th Floor Rajendra Bhawan, Rajendra Palace New Delhi-110008 .........Applicant/Financial Creditor Versus MR. PRAMOD AGARWAL
1. S/O Late Sh. Dhani Ram L5 Hauz Khas Enclave Near Char Minar New Delhi-110016
2. Rama Paper Mills Ltd. 12/22 2nd Floor East Patel Nagar, Delhi-110008 ..........Respondent AND IN THE MATTER OF:
BANK OF BARODA Stressed Assets Management Branch
4th Floor Rajendra Bhawan, Rajendra Palace New Delhi-110008 .........Applicant/Financial Creditor Versus MR. KAPIL MITTAL
1. W/O Kapil Kumar H. No. 79 Nath House SIDCUL Sector 5A Shivalik Nagar Haridwar Uttaranchal-249403
2. Kapil Mittal Flat No. 1, P3A Deep Ganga Apartments, SIDCUL Sector 6A Uttaranchal-24903
3. S/O Sh. Ashwani Kumar Mittal Nath House Devpura Haridwara Near Deupra Chok B/H Himgiri /Hotel Uttaranchal-249401
4. Old 620 New 642 Kishan Pura, Baghpat Road Meerut City HO Uttar Pradesh- 250002 ..........Respondent Order pronounced on: 23.04.2026 Coram:
Sh. Praveen Gupta : Member (Judicial)
Sh. Ashish Verma : Member (Technical)
Appearances:
Sh. Ashish Verma with Sh. Nikhil : For the FC/ Bank of Baroda Thakur, Advs.
Sh. Utkarsh Aswal, Adv. : For the RP, Mr. Sandeep Goel present in person Sh. Ravi Data with Sh. Ranit Basu, : For the Personal Guarantor Advs.
ALLAHABAD BENCH, PRAYAGRAJ (Applications filed under Section 95 of the Insolvency and Bankruptcy Code, 2016 r/w Rule 7(2) of the Insolvency and Bankruptcy Rules, 2019)
IN THE MATTER OF:
BANK OF BARODA Stressed Assets Management Branch
4th Floor Rajendra Bhawan, Rajendra Palace New Delhi-110008 .........Applicant/Financial Creditor Versus MR. ARUN GOEL
1. Station Chowk Opposite PNB Kiratpur Branch Kiratpur Bijnor Uttar Pradesh- 246731
2. S/O Dhani Ram House No.17 1st Floor Near Panchseela Club Delhi-110017 ..........Respondent AND IN THE MATTER OF:
BANK OF BARODA Stressed Assets Management Branch
4th Floor Rajendra Bhawan, Rajendra Palace New Delhi-110008 .........Applicant/Financial Creditor Versus MR. DEEPAK MITTAL
1. S/O Sh. Ashwani Kumar Mittal Nath House Devpura Haridwar Uttar Pradesh- 249401
2. H. No-77 Usha Colony Sahastradhara Road Dehradun Uttar Pradesh- 248001
3. Pushpanjali realms and infratech Li Orchid Park, Khasara No-11 Tarlan Heli Pad Uttaranchal-248001 ..........Respondent AND IN THE MATTER OF:
BANK OF BARODA Stressed Assets Management Branch
4th Floor Rajendra Bhawan, Rajendra Palace New Delhi-110008 .........Applicant/Financial Creditor Versus MR. PRAMOD AGARWAL
1. S/O Late Sh. Dhani Ram L5 Hauz Khas Enclave Near Char Minar New Delhi-110016
2. Rama Paper Mills Ltd. 12/22 2nd Floor East Patel Nagar, Delhi-110008 ..........Respondent AND IN THE MATTER OF:
BANK OF BARODA Stressed Assets Management Branch
4th Floor Rajendra Bhawan, Rajendra Palace New Delhi-110008 .........Applicant/Financial Creditor Versus MR. KAPIL MITTAL
1. W/O Kapil Kumar H. No. 79 Nath House SIDCUL Sector 5A Shivalik Nagar Haridwar Uttaranchal-249403
2. Kapil Mittal Flat No. 1, P3A Deep Ganga Apartments, SIDCUL Sector 6A Uttaranchal-24903
3. S/O Sh. Ashwani Kumar Mittal Nath House Devpura Haridwara Near Deupra Chok B/H Himgiri /Hotel Uttaranchal-249401
4. Old 620 New 642 Kishan Pura, Baghpat Road Meerut City HO Uttar Pradesh- 250002 ..........Respondent Order pronounced on: 23.04.2026 Coram:
Sh. Praveen Gupta : Member (Judicial)
Sh. Ashish Verma : Member (Technical)
Appearances:
Sh. Ashish Verma with Sh. Nikhil : For the FC/ Bank of Baroda Thakur, Advs.
Sh. Utkarsh Aswal, Adv. : For the RP, Mr. Sandeep Goel present in person Sh. Ravi Data with Sh. Ranit Basu, : For the Personal Guarantor Advs.
ORDER
1. Our present order will decide and dispose of the Company Petitions (IBs) having Nos. 85 of 2022, 86 of 2022, 87 of 2022 and 88 of 2022, respectively. Since the factual and legal premises/ issues involved in all these petitions are similar, therefore by way of this present common order, we are dealing with the petitions and deciding accordingly.
2. For the convenience of discussion, the reference is made and facts are drawn from CP (IB) No. 87 of 2022.
CP (IB) No. 87 of 2022
3. This present petition was filed on 28.07.2022 by the Bank of Baroda (hereinafter referred to as the “Applicant”/ “Applicant Bank”/“Financial Creditor”) under Section 95 of Insolvency and Bankruptcy Code (hereinafter referred to as the “IBC/Code”) r/w Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantor to Corporate Debtor) Rules, 2019 (hereinafter referred as “PG Rules, 2019”). The prayer made is to initiate the Insolvency Resolution Process against the Respondent Mr. Pramod Agarwal (hereinafter referred to as “Respondent”/ “PG”/ “Personal Guarantor”), who stood as one of the Personal Guarantors to the various credit facilities availed by the Corporate Debtor namely, M/s Baghauli Sugar & Distillery Limited from the Financial Creditor Bank i.e., Bank of Baroda for a total outstanding debt of Rs. 185,78,08,216.00/- (Rupees One Hundred Eighty-Five Crores Seventy-Eight Lakhs Eight Thousand Two Hundred and Sixteen Only) including interest and penalties as on 07.02.2020. The Date of Default, as mentioned in Part III of the application, is
31.05.2010.
4. It has been noted that the resolution plan of the Corporate Debtor, M/
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
