Bank of Baroda filed a Company Petition under Section 95(1) of the I&B Code, 2016, to initiate the Insolvency Resolution Process against Smt. Raju Petta Hanumantha Kashturi Reddy, who is the Personal Guarantor. The Demand Notice was successfully delivered to the Personal Guarantor on 17.11.2021, and a copy of the Petition along with notice was delivered on 31.05.2022. The Personal Guarantor did not respond or pay the amount due. The Financial Creditor proposed the name of Shri Ramratan Kanoongo as the Resolution Professional. The interim-moratorium under Section 96(1)(a) of the I&B Code, 2016 has commenced on the date of filing of this Application by the Financial Creditor.

Bank of Baroda filed a Company Petition under Section 95(1) of the I&B Code, 2016, to initiate the Insolvency Resolution Process against Smt. Raju Petta Hanumantha Kashturi Reddy, who is the Personal Guarantor. The Demand Notice was successfully delivered to the Personal Guarantor on 17.11.2021, and a copy of the Petition along with notice was delivered on 31.05.2022. The Personal Guarantor did not respond or pay the amount due. The Financial Creditor proposed the name of Shri Ramratan Kanoongo as the Resolution Professional. The interim-moratorium under Section 96(1)(a) of the I&B Code, 2016 has commenced on the date of filing of this Application by the Financial Creditor.