The case pertains to a Company Petition IB/302/2022 filed under Section 95 of the Insolvency and Bankruptcy Code (IBC). The court is considering an application where G. Praveen Kumar is the company and the Bank of Baroda is the petitioner. The court is examining a prima-facie default by the Personal Guarantor.
The Bank of Baroda filed a Company Petition (IB/302/2022) against G. Praveen Kumar under Section 95 of the IBC, alleging a default by the Personal Guarantor. The court found a prima-facie default and appointed Mr. Bolisetti Jaya Babu as the Resolution Professional. The court directed the Resolution Professional to submit a report within 10 days under Section 99 of the IBC. An interim moratorium was declared, preventing legal actions against the debtor and barring creditors from initiating new proceedings. The petitioner is required to pay Rs. 50,000 to the Resolution Professional for expenses. The case is listed for further hearing on 2023-03-02.
Sign in to view the parties.
Hearing he…
Case listed for…
The case pertains to a Company Petition IB/302/2022 filed under Section 95 of the Insolvency and Bankruptcy Code (IBC). The court is considering an application where G. Praveen Kumar is the company and the Bank of Baroda is the petitioner. The court is examining a prima-facie default by the Personal Guarantor.
The Bank of Baroda filed a Company Petition (IB/302/2022) against G. Praveen Kumar under Section 95 of the IBC, alleging a default by the Personal Guarantor. The court found a prima-facie default and appointed Mr. Bolisetti Jaya Babu as the Resolution Professional. The court directed the Resolution Professional to submit a report within 10 days under Section 99 of the IBC. An interim moratorium was declared, preventing legal actions against the debtor and barring creditors from initiating new proceedings. The petitioner is required to pay Rs. 50,000 to the Resolution Professional for expenses. The case is listed for further hearing on 2023-03-02.
Hearing he…
Case listed for…