The case involves an application against a personal guarantor, Yogesh Kumar Sharma, filed by CFM Asset Reconstruction Pvt Ltd. The Resolution Professional (RP) appointed by the Court submitted a report. The applicant's counsel argued that the application is time-barred, citing a default date of 2015-05-09 and an arbitration award passed in 2017-01-25. The application was filed on 2020-02-24.
CFM Asset Reconstruction Pvt Ltd filed an application against Yogesh Kumar Sharma, the personal guarantor. The RP appointed by the court filed a report. The applicant's counsel argued that the application was time-barred because the date of default was 2015-05-09, and an arbitration award was passed on 2017-01-25. The application was filed on 2020-02-24. The court found that the application was indeed time-barred and rejected it. The Financial Creditor was directed to pay the fees of the Resolution Professional.
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The date of default as…
The date on wh…
The case involves an application against a personal guarantor, Yogesh Kumar Sharma, filed by CFM Asset Reconstruction Pvt Ltd. The Resolution Professional (RP) appointed by the Court submitted a report. The applicant's counsel argued that the application is time-barred, citing a default date of 2015-05-09 and an arbitration award passed in 2017-01-25. The application was filed on 2020-02-24.
CFM Asset Reconstruction Pvt Ltd filed an application against Yogesh Kumar Sharma, the personal guarantor. The RP appointed by the court filed a report. The applicant's counsel argued that the application was time-barred because the date of default was 2015-05-09, and an arbitration award was passed on 2017-01-25. The application was filed on 2020-02-24. The court found that the application was indeed time-barred and rejected it. The Financial Creditor was directed to pay the fees of the Resolution Professional.
The date of default as…
The date on wh…