The Civil Revision Petition was filed to strike off the proceedings in IBC SR No.2643 of 2020, which resulted in a consequential order dated 22.10.2020, pending on the file of the Debts Recovery Tribunal-II, Chennai. The petitioner, an admitted defaulter, sought to delay repayment by referring to irrelevant judgments and attempting to mislead the court.
Rohit Nath, the petitioner, filed a civil revision petition to strike off insolvency proceedings initiated against him by KEB Hana Bank Ltd. The bank had issued a notice on February 18, 2020, under Rule 7(1) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process of Personal Guarantors to Corporate Debtors) Rules, 2019, demanding payment as a guarantor. The notice was in accordance with Form B and included details of outstanding amounts and copies of personal guarantee deeds. The petitioner responded with a settlement suggestion, which the bank rejected. The insolvency proceedings were instituted before the Debts Recovery Tribunal, Chennai. The petitioner is an admitted defaulter who obtained a loan in the name of a
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KEB Hana Bank issued a demand notice to Rohit…
Date of the consequential order resulting from…
The Civil Revision Petition was filed to strike off the proceedings in IBC SR No.2643 of 2020, which resulted in a consequential order dated 22.10.2020, pending on the file of the Debts Recovery Tribunal-II, Chennai. The petitioner, an admitted defaulter, sought to delay repayment by referring to irrelevant judgments and attempting to mislead the court.
Rohit Nath, the petitioner, filed a civil revision petition to strike off insolvency proceedings initiated against him by KEB Hana Bank Ltd. The bank had issued a notice on February 18, 2020, under Rule 7(1) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process of Personal Guarantors to Corporate Debtors) Rules, 2019, demanding payment as a guarantor. The notice was in accordance with Form B and included details of outstanding amounts and copies of personal guarantee deeds. The petitioner responded with a settlement suggestion, which the bank rejected. The insolvency proceedings were instituted before the Debts Recovery Tribunal, Chennai. The petitioner is an admitted defaulter who obtained a loan in the name of a
…KEB Hana Bank issued a demand notice to Rohit…
Date of the consequential order resulting from…