The financial creditor, State Bank of India, filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Insolvency Resolution Process for Personal Guarantors against Mr. Ranganatha Gupta, who is the personal guarantor to M/s. Nathella Sampath Jewelry Private Limited, a corporate debtor currently under liquidation.
State Bank of India, the financial creditor, filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. Ranganatha Gupta, a personal guarantor. The application sought to initiate the Insolvency Resolution Process for Personal Guarantors. The corporate debtor, M/s. Nathella Sampath Jewelry Private Limited, for which Mr. Gupta was a guarantor, was already under liquidation, with a common liquidation order passed on January 3, 2020.
…A common order was passed for the liquidation…
The financial creditor filed an application…
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The financial creditor, State Bank of India, filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Insolvency Resolution Process for Personal Guarantors against Mr. Ranganatha Gupta, who is the personal guarantor to M/s. Nathella Sampath Jewelry Private Limited, a corporate debtor currently under liquidation.
State Bank of India, the financial creditor, filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. Ranganatha Gupta, a personal guarantor. The application sought to initiate the Insolvency Resolution Process for Personal Guarantors. The corporate debtor, M/s. Nathella Sampath Jewelry Private Limited, for which Mr. Gupta was a guarantor, was already under liquidation, with a common liquidation order passed on January 3, 2020.
…A common order was passed for the liquidation…
The financial creditor filed an application…
Sign in to view related legal provisions.