The case involves a Company Petition filed by Abhyudaya Co-Op Bank Limited, the Financial Creditor, under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC), read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019. The petition seeks to initiate a Personal Insolvency Resolution Process (CIRP) against Ritadevi Devilal Chapagain, the Personal Guarantor. The Demand Notice was successfully delivered to the Personal Guarantor.
Abhyudaya Co-Op Bank Limited, the Financial Creditor, filed a Company Petition under Section 95 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Personal Insolvency Resolution Process (CIRP) against Ritadevi Devilal Chapagain, the Personal Guarantor. The Demand Notice dated 14.03.2024 was successfully delivered to the Personal Guarantor on 16.03.2024, and a copy of the Petition was served via email on 28.05.2024. The NCLT appointed Mr. Manish Lalji Dawada as the Resolution Professional and directed the Financial Creditor to make an advance payment of Rs. 2,00,000. An interim-moratorium under Section 96(1)(a) of the IBC commenced from the date of filing of the application, staying legal actions against the debtor and preventing creditors from
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Demand Notice was…
Demand Notice was…
The case involves a Company Petition filed by Abhyudaya Co-Op Bank Limited, the Financial Creditor, under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC), read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019. The petition seeks to initiate a Personal Insolvency Resolution Process (CIRP) against Ritadevi Devilal Chapagain, the Personal Guarantor. The Demand Notice was successfully delivered to the Personal Guarantor.
Abhyudaya Co-Op Bank Limited, the Financial Creditor, filed a Company Petition under Section 95 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Personal Insolvency Resolution Process (CIRP) against Ritadevi Devilal Chapagain, the Personal Guarantor. The Demand Notice dated 14.03.2024 was successfully delivered to the Personal Guarantor on 16.03.2024, and a copy of the Petition was served via email on 28.05.2024. The NCLT appointed Mr. Manish Lalji Dawada as the Resolution Professional and directed the Financial Creditor to make an advance payment of Rs. 2,00,000. An interim-moratorium under Section 96(1)(a) of the IBC commenced from the date of filing of the application, staying legal actions against the debtor and preventing creditors from
…Demand Notice was…
Demand Notice was…