The case pertains to an application filed under Section 95 read with Section 99 of the Insolvency and Bankruptcy Code (IBC), 2016, specifically IA-3063/2022. This application is a report filed by the Resolution Professional, Mr. Sandeep Kumar Bhatt, who was appointed by the Tribunal. The original petition, IB/187/ND/2022, was filed by Bank of Baroda under Section 95 of the IBC, 2016, against Mr. Hari Singh Thakur, the personal guarantor for credit facilities availed by M/s. Aastha Surgimed Limited (Corporate Debtor). The outstanding amount was Rs. 5,21,91,526.47 as of August 31, 2021. The Resolution Professional filed a report under Section 99 of IBC, recommending the admission of the application.
Bank of Baroda filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. Hari Singh Thakur, who acted as the personal guarantor for credit facilities availed by M/s. Aastha Surgimed Limited (the Corporate Debtor). The outstanding amount was Rs. 5,21,91,526.47 as of August 31, 2021. Mr. Sandeep Kumar Bhatt, the Resolution Professional, filed a report under Section 99 of the IBC, recommending the admission of the application. The Adjudicating Authority observed that Mr. Thakur had been given opportunities to argue the matter subject to payment of costs, but he failed to comply with these orders. The Resolution Professional did not request instructions for negotiations between the debtor and creditors. The debt was proven and acknowledged
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Outstanding amount of…
Mr. Sandeep Kumar Bhatt…
The case pertains to an application filed under Section 95 read with Section 99 of the Insolvency and Bankruptcy Code (IBC), 2016, specifically IA-3063/2022. This application is a report filed by the Resolution Professional, Mr. Sandeep Kumar Bhatt, who was appointed by the Tribunal. The original petition, IB/187/ND/2022, was filed by Bank of Baroda under Section 95 of the IBC, 2016, against Mr. Hari Singh Thakur, the personal guarantor for credit facilities availed by M/s. Aastha Surgimed Limited (Corporate Debtor). The outstanding amount was Rs. 5,21,91,526.47 as of August 31, 2021. The Resolution Professional filed a report under Section 99 of IBC, recommending the admission of the application.
Bank of Baroda filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. Hari Singh Thakur, who acted as the personal guarantor for credit facilities availed by M/s. Aastha Surgimed Limited (the Corporate Debtor). The outstanding amount was Rs. 5,21,91,526.47 as of August 31, 2021. Mr. Sandeep Kumar Bhatt, the Resolution Professional, filed a report under Section 99 of the IBC, recommending the admission of the application. The Adjudicating Authority observed that Mr. Thakur had been given opportunities to argue the matter subject to payment of costs, but he failed to comply with these orders. The Resolution Professional did not request instructions for negotiations between the debtor and creditors. The debt was proven and acknowledged
…Outstanding amount of…
Mr. Sandeep Kumar Bhatt…