The application was filed under Section 95 of the Code seeking initiation of Insolvency proceedings against the Personal Guarantor, Mr. Rakesh Nayar. The applicant, State Bank of India, has complied with the order dated 09.12.2021 and has filed proof of service of the petition on the Personal Guarantor. The applicant proposed Mr. Ashish Agarwal as the Resolution Professional.
State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code (IBC) seeking initiation of insolvency proceedings against the personal guarantor, Mr. Rakesh Nayar. The applicant complied with the order dated 09.12.2021 and provided proof of service to the personal guarantor. The applicant proposed Mr. Ashish Agarwal as the Resolution Professional. The application was admitted, and Mr. Ashish Agarwal was appointed as the Resolution Professional. An interim moratorium under Section 96 of the IBC commenced from the date of the application. The Resolution Professional is required to conduct an inquiry within 10 days and recommend approval or rejection of the application. The matter will be listed after three weeks, following the submission
…Sign in to view the parties.
Order was issued, and…
The court admitted the application,…
The application was filed under Section 95 of the Code seeking initiation of Insolvency proceedings against the Personal Guarantor, Mr. Rakesh Nayar. The applicant, State Bank of India, has complied with the order dated 09.12.2021 and has filed proof of service of the petition on the Personal Guarantor. The applicant proposed Mr. Ashish Agarwal as the Resolution Professional.
State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code (IBC) seeking initiation of insolvency proceedings against the personal guarantor, Mr. Rakesh Nayar. The applicant complied with the order dated 09.12.2021 and provided proof of service to the personal guarantor. The applicant proposed Mr. Ashish Agarwal as the Resolution Professional. The application was admitted, and Mr. Ashish Agarwal was appointed as the Resolution Professional. An interim moratorium under Section 96 of the IBC commenced from the date of the application. The Resolution Professional is required to conduct an inquiry within 10 days and recommend approval or rejection of the application. The matter will be listed after three weeks, following the submission
…Order was issued, and…
The court admitted the application,…