The case pertains to a Restored Company Petition (IBC) /12/2024 in C.P. (IB)/996/MB/2023 before the Mumbai bench of the National Company Law Tribunal (NCLT). Advanced Computers and Mobiles Indiaprivate Limited filed a petition against Parveen Iqbal Parekh for initiation of the Insolvency Resolution Process, as Parekh is the personal guarantor of M/s. JSK Marketing Limited ('Corporate Debtor'). The Financial Creditor presented a copy of the deed of guarantee executed by the Respondent in favor of the Petitioner dated 15.04.2019 and a demand notice (Form-B) dated 18.08.2023, calling upon the Personal Guarantor to pay an outstanding amount of Rs. 1,10,00,000/-.
Advanced Computers and Mobiles Indiaprivate Limited (Financial Creditor/Petitioner) filed a Company Petition against Parveen Iqbal Parekh (Respondent) for initiation of the Insolvency Resolution Process. Parveen Iqbal Parekh is the personal guarantor of M/s. JSK Marketing Limited (Corporate Debtor). The Financial Creditor presented a deed of guarantee executed by the Respondent in favor of the Petitioner dated 15.04.2019. The Financial Creditor also presented a demand notice (Form-B) dated 18.08.2023, demanding an outstanding amount of Rs. 1,10,00,000/- from the Personal Guarantor. The relevance of these facts is to establish the debt and default, and the existence of a guarantee agreement, which are prerequisites for initiating the insolvency resolution process
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Deed of guarantee executed by Parveen Iqbal…
Demand notice (Form-B) issued to Parveen Iqbal…
The case pertains to a Restored Company Petition (IBC) /12/2024 in C.P. (IB)/996/MB/2023 before the Mumbai bench of the National Company Law Tribunal (NCLT). Advanced Computers and Mobiles Indiaprivate Limited filed a petition against Parveen Iqbal Parekh for initiation of the Insolvency Resolution Process, as Parekh is the personal guarantor of M/s. JSK Marketing Limited ('Corporate Debtor'). The Financial Creditor presented a copy of the deed of guarantee executed by the Respondent in favor of the Petitioner dated 15.04.2019 and a demand notice (Form-B) dated 18.08.2023, calling upon the Personal Guarantor to pay an outstanding amount of Rs. 1,10,00,000/-.
Advanced Computers and Mobiles Indiaprivate Limited (Financial Creditor/Petitioner) filed a Company Petition against Parveen Iqbal Parekh (Respondent) for initiation of the Insolvency Resolution Process. Parveen Iqbal Parekh is the personal guarantor of M/s. JSK Marketing Limited (Corporate Debtor). The Financial Creditor presented a deed of guarantee executed by the Respondent in favor of the Petitioner dated 15.04.2019. The Financial Creditor also presented a demand notice (Form-B) dated 18.08.2023, demanding an outstanding amount of Rs. 1,10,00,000/- from the Personal Guarantor. The relevance of these facts is to establish the debt and default, and the existence of a guarantee agreement, which are prerequisites for initiating the insolvency resolution process
…Deed of guarantee executed by Parveen Iqbal…
Demand notice (Form-B) issued to Parveen Iqbal…