Abhyudaya Co. Op. Bank Ltd filed a company petition for the initiation of the Insolvency Resolution Process against Miss Harshada Ashok Wayadande, who is the personal guarantor of the corporate debtor. The Financial Creditor invoked the personal guarantee and issued an Invocation Letter due to the default of the Corporate Debtor. The Financial Creditor invited the attention of the bench to the demand notice dated 2024-05-28 invoking the guarantee against the respondent and also invited the attention of this bench to the proof of the demand notice. The Financial Creditor also invited the attention to the deed of guarantee being the guarantee for all facilities executed by the personal guarantor in favor of the applicant bank.

Abhyudaya Co. Op. Bank Ltd filed a company petition for the initiation of the Insolvency Resolution Process against Miss Harshada Ashok Wayadande, who is the personal guarantor of the corporate debtor. The Financial Creditor invoked the personal guarantee and issued an Invocation Letter due to the default of the Corporate Debtor. The Financial Creditor invited the attention of the bench to the demand notice dated 2024-05-28 invoking the guarantee against the respondent and also invited the attention of this bench to the proof of the demand notice. The Financial Creditor also invited the attention to the deed of guarantee being the guarantee for all facilities executed by the personal guarantor in favor of the applicant bank.