This case involves a Company Petition filed by Axis Bank, the Financial Creditor, under Section 95 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Personal Insolvency Resolution Process (CIRP) against Mr. Manoj Jiwatram Lalwani, the Personal Guarantor. The Financial Creditor claims that the demand notice was successfully delivered to the Personal Guarantor and the Corporate Debtor. However, the Personal Guarantor refused to take delivery of the Court Notice.
Axis Bank filed a Company Petition under Section 95 of the Insolvency & Bankruptcy Code, 2016, to initiate Personal Insolvency Resolution Process (CIRP) against Mr. Manoj Jiwatram Lalwani, the Personal Guarantor. The Financial Creditor claims that a demand notice dated 01.02.2023 was successfully delivered to the Personal Guarantor and the Corporate Debtor on 04.02.2023, and a copy of the petition was delivered via email on 12.04.2023. The Personal Guarantor refused to take delivery of the Court Notice dated 16.06.2023. The court considered this refusal as deemed service of notice.
Sign in to view the parties.
Date of the Demand…
Demand Notice…
This case involves a Company Petition filed by Axis Bank, the Financial Creditor, under Section 95 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Personal Insolvency Resolution Process (CIRP) against Mr. Manoj Jiwatram Lalwani, the Personal Guarantor. The Financial Creditor claims that the demand notice was successfully delivered to the Personal Guarantor and the Corporate Debtor. However, the Personal Guarantor refused to take delivery of the Court Notice.
Axis Bank filed a Company Petition under Section 95 of the Insolvency & Bankruptcy Code, 2016, to initiate Personal Insolvency Resolution Process (CIRP) against Mr. Manoj Jiwatram Lalwani, the Personal Guarantor. The Financial Creditor claims that a demand notice dated 01.02.2023 was successfully delivered to the Personal Guarantor and the Corporate Debtor on 04.02.2023, and a copy of the petition was delivered via email on 12.04.2023. The Personal Guarantor refused to take delivery of the Court Notice dated 16.06.2023. The court considered this refusal as deemed service of notice.
Date of the Demand…
Demand Notice…