The Resolution Professional (RP) filed an application seeking a direction against the Bank of Maharashtra to renew three bank guarantees. These bank guarantees were originally issued in favor of Gujarat Gas Ltd. to ensure the continued supply of gas to the Corporate Debtor. The Bank of Maharashtra expressed no objection to renewing the bank guarantees, but stipulated that any invocation of these guarantees should be treated as an Insolvency Process cost. The Corporate Debtor is obligated to renew these guarantees. The specific amounts and BG numbers of the guarantees are as follows: 1) Gujarat Gas Ltd., INR 8,59,438/-, BG No. 0032716BG0000007; 2) Gujarat Gas Ltd., INR 31,39,500/-, BG No. 0032716BG0000004; 3) Gujarat Gas Ltd., INR 29,03,775/-, BG No. 0032716BG0000032.

The Resolution Professional (RP) filed an application seeking a direction against the Bank of Maharashtra to renew three bank guarantees. These bank guarantees were originally issued in favor of Gujarat Gas Ltd. to ensure the continued supply of gas to the Corporate Debtor. The Bank of Maharashtra expressed no objection to renewing the bank guarantees, but stipulated that any invocation of these guarantees should be treated as an Insolvency Process cost. The Corporate Debtor is obligated to renew these guarantees. The specific amounts and BG numbers of the guarantees are as follows: 1) Gujarat Gas Ltd., INR 8,59,438/-, BG No. 0032716BG0000007; 2) Gujarat Gas Ltd., INR 31,39,500/-, BG No. 0032716BG0000004; 3) Gujarat Gas Ltd., INR 29,03,775/-, BG No. 0032716BG0000032.