The 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, Mrs. Babita Nayar. The applicant's counsel stated that they had complied with the order dated 09.12.2021 and filed proof of service of the petition on the personal guarantor.
The State Bank of India filed an application under Section 95 of the IBC seeking initiation of insolvency proceedings against Mrs. Babita Nayar, who is a personal guarantor. The applicant's counsel confirmed compliance with a previous order dated 09.12.2021 and provided proof of service of the petition to the personal guarantor. The applicant proposed Mr. Ashish Agarwal as the Resolution Professional. The application was filed by the State Bank of India through its authorized counsel. The court admitted the application and appointed Mr. Ashish Agarwal as the Resolution Professional, directing him to conduct an inquiry within 10 days and recommend approval or rejection of the application. The interim moratorium under Section 96 of the IBC commenced from the date of the
…Sign in to view the parties.
Court issued a previous order, which the…
The court admitted the application,…
The 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, Mrs. Babita Nayar. The applicant's counsel stated that they had complied with the order dated 09.12.2021 and filed proof of service of the petition on the personal guarantor.
The State Bank of India filed an application under Section 95 of the IBC seeking initiation of insolvency proceedings against Mrs. Babita Nayar, who is a personal guarantor. The applicant's counsel confirmed compliance with a previous order dated 09.12.2021 and provided proof of service of the petition to the personal guarantor. The applicant proposed Mr. Ashish Agarwal as the Resolution Professional. The application was filed by the State Bank of India through its authorized counsel. The court admitted the application and appointed Mr. Ashish Agarwal as the Resolution Professional, directing him to conduct an inquiry within 10 days and recommend approval or rejection of the application. The interim moratorium under Section 96 of the IBC commenced from the date of the
…Court issued a previous order, which the…
The court admitted the application,…