The State Bank of India filed an application under Section 95 of the Insolvency & Bankruptcy Code, 2016, against Mrs. Sunanada Khuranan. The application pertains to the insolvency resolution process for personal guarantors to corporate debtors. The matter was heard by the National Company Law Tribunal (NCLT), New Delhi, Principal Bench.
The State Bank of India (SBI) filed an application under Section 95 of the Insolvency & Bankruptcy Code, 2016 against Mrs. Sunanada Khuranan, concerning the insolvency resolution process for personal guarantors to corporate debtors. The applicant/creditor, SBI, proposed Mr. Manoj Kumar Anand as the Resolution Professional. The NCLT found no pending disciplinary proceedings against Mr. Anand. The NCLT then appointed Mr. Anand as the Resolution Professional and directed him to submit recommendations regarding the application's acceptance or rejection, as per Section 99 of the I&B Code, 2016. The matter was scheduled for further consideration on 20.10.2021.
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Order delivered by the NCLT appointing Mr.…
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The State Bank of India filed an application under Section 95 of the Insolvency & Bankruptcy Code, 2016, against Mrs. Sunanada Khuranan. The application pertains to the insolvency resolution process for personal guarantors to corporate debtors. The matter was heard by the National Company Law Tribunal (NCLT), New Delhi, Principal Bench.
The State Bank of India (SBI) filed an application under Section 95 of the Insolvency & Bankruptcy Code, 2016 against Mrs. Sunanada Khuranan, concerning the insolvency resolution process for personal guarantors to corporate debtors. The applicant/creditor, SBI, proposed Mr. Manoj Kumar Anand as the Resolution Professional. The NCLT found no pending disciplinary proceedings against Mr. Anand. The NCLT then appointed Mr. Anand as the Resolution Professional and directed him to submit recommendations regarding the application's acceptance or rejection, as per Section 99 of the I&B Code, 2016. The matter was scheduled for further consideration on 20.10.2021.
Order delivered by the NCLT appointing Mr.…
The matter is listed…