The applicant, a personal guarantor for a corporate debtor, filed an application under Section 94(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate an insolvency resolution process against herself due to the corporate debtor's default and subsequent liquidation.
Anuradha Choudhari, the applicant, is a personal guarantor for M/s Emgee Cables & Communications Pvt. Ltd. (the 'Corporate Debtor'). The Corporate Debtor obtained loans from Dena Bank, Edelweiss Retail Finance Ltd., and Small Industries Development Bank of India (SIDBI). Following a default by the Corporate Debtor, the applicant received a notice dated May 28, 2018, under section 13(2) of the SARFAESI Act, 2002, from Dena Bank, seeking to invoke her personal guarantee.
…Dena Bank issued a notice under section…
The Adjudicating Authority admitted an…
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The applicant, a personal guarantor for a corporate debtor, filed an application under Section 94(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate an insolvency resolution process against herself due to the corporate debtor's default and subsequent liquidation.
Anuradha Choudhari, the applicant, is a personal guarantor for M/s Emgee Cables & Communications Pvt. Ltd. (the 'Corporate Debtor'). The Corporate Debtor obtained loans from Dena Bank, Edelweiss Retail Finance Ltd., and Small Industries Development Bank of India (SIDBI). Following a default by the Corporate Debtor, the applicant received a notice dated May 28, 2018, under section 13(2) of the SARFAESI Act, 2002, from Dena Bank, seeking to invoke her personal guarantee.
…Dena Bank issued a notice under section…
The Adjudicating Authority admitted an…
Sign in to view related legal provisions.