Bank of Baroda, as the Financial Creditor, filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Rajiv Rai, the Personal Guarantor of SBQ Steels Limited, the Corporate Debtor. The debt fell due on 2012-03-31, which is also the date of default. The application was filed on 2021-04-10. The Respondent raised a plea of limitation. The Corporate Debtor, SBQ Steels Limited, has already been dissolved by an order of the Tribunal dated 2022-02-11. The applicant failed to furnish the address and other details of the personal guarantor. A loan recall notice was issued on 2014-11-06.

Bank of Baroda, as the Financial Creditor, filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Rajiv Rai, the Personal Guarantor of SBQ Steels Limited, the Corporate Debtor. The debt fell due on 2012-03-31, which is also the date of default. The application was filed on 2021-04-10. The Respondent raised a plea of limitation. The Corporate Debtor, SBQ Steels Limited, has already been dissolved by an order of the Tribunal dated 2022-02-11. The applicant failed to furnish the address and other details of the personal guarantor. A loan recall notice was issued on 2014-11-06.