The case involves an application under Section 99 and Section 95(1) of the Insolvency and Bankruptcy Code, 2016, read with Rule 7(2) of the IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019. The application seeks to initiate an insolvency resolution process against Sarita Mishra, the personal guarantor, for a debt owed by the corporate debtor, Ariyant Logistics Private Limited, to the financial creditor, Aditya Birla Finance Limited. The Resolution Professional filed IA(IB)No. 356/KB/2024 in CP (IB) No. 67/KB/2023 to seek initiation of Insolvency Process against the Respondent Personal Guarantor to Corporate Debtor.
Aditya Birla Finance Limited (Financial Creditor) filed an application under Section 99 and Section 95(1) of the Insolvency and Bankruptcy Code, 2016, to initiate insolvency proceedings against Sarita Mishra (Respondent/Personal Guarantor) for a debt owed by Ariyant Logistics Private Limited (Corporate Debtor). The amount in debt and default is Rs.2,25,27,97,209.39/-, with the date of default being 2021-03-24. The Financial Creditor issued a demand notice in Form B on 2023-01-19 to the Personal Guarantor, which was returned unclaimed. The Resolution Professional, Mr. Rajesh Kumar Agarwal, submitted a report on 2024-02-09 suggesting the admission of the petition. The Financial Creditor submitted the complete application on 2024-11-18. No CIRP has been initiated against
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The case involves an application under Section 99 and Section 95(1) of the Insolvency and Bankruptcy Code, 2016, read with Rule 7(2) of the IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019. The application seeks to initiate an insolvency resolution process against Sarita Mishra, the personal guarantor, for a debt owed by the corporate debtor, Ariyant Logistics Private Limited, to the financial creditor, Aditya Birla Finance Limited. The Resolution Professional filed IA(IB)No. 356/KB/2024 in CP (IB) No. 67/KB/2023 to seek initiation of Insolvency Process against the Respondent Personal Guarantor to Corporate Debtor.
Aditya Birla Finance Limited (Financial Creditor) filed an application under Section 99 and Section 95(1) of the Insolvency and Bankruptcy Code, 2016, to initiate insolvency proceedings against Sarita Mishra (Respondent/Personal Guarantor) for a debt owed by Ariyant Logistics Private Limited (Corporate Debtor). The amount in debt and default is Rs.2,25,27,97,209.39/-, with the date of default being 2021-03-24. The Financial Creditor issued a demand notice in Form B on 2023-01-19 to the Personal Guarantor, which was returned unclaimed. The Resolution Professional, Mr. Rajesh Kumar Agarwal, submitted a report on 2024-02-09 suggesting the admission of the petition. The Financial Creditor submitted the complete application on 2024-11-18. No CIRP has been initiated against
…The date on wh…
Date of invocation of…