The appeal was filed against the order dated 24.02.2025, which dismissed the Section 94 application filed by the appellant. An earlier application, CP No. (IB)-7 of 2025, was dismissed on 09.01.2025.
The appellant filed an appeal against the order dated 24.02.2025, dismissing their Section 94 application.
An earlier application by the appellant, CP No. (IB)-7 of 2025, was dismissed on 09.01.2025.
The appellant claimed a typographical error in the earlier application, leading to the filing of a fresh application.
The Adjudicating Authority rejected the Section 94 application on merits, citing it as barred by limitation.
The respondent's financial creditor (SBI & SIB) had invoked the guarantee by serving demand notice on 20.03.2017 and 30.06.2018 respectively.
The applicant stated that debt was due on 14.09.2016 and default occurred on 07.10.2020.
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Heard Shri Dave…
Order by which Section…
The appeal was filed against the order dated 24.02.2025, which dismissed the Section 94 application filed by the appellant. An earlier application, CP No. (IB)-7 of 2025, was dismissed on 09.01.2025.
The appellant filed an appeal against the order dated 24.02.2025, dismissing their Section 94 application.
An earlier application by the appellant, CP No. (IB)-7 of 2025, was dismissed on 09.01.2025.
The appellant claimed a typographical error in the earlier application, leading to the filing of a fresh application.
The Adjudicating Authority rejected the Section 94 application on merits, citing it as barred by limitation.
The respondent's financial creditor (SBI & SIB) had invoked the guarantee by serving demand notice on 20.03.2017 and 30.06.2018 respectively.
The applicant stated that debt was due on 14.09.2016 and default occurred on 07.10.2020.
…Heard Shri Dave…
Order by which Section…