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 dated 15.11.2021 was successfully delivered to the Personal Guarantor on 17.11.2021. The Petition along with notice was delivered to the Personal Guarantor on 31.05.2022 via email. The Personal Guarantor did not respond to the demand notice or pay the amount due. The Financial Creditor proposed Shri Ramratan Kanoongo as the Resolution Professional. The relevance of these facts lies in establishing that the necessary procedures for initiating the Insolvency Resolution Process against the Personal Guarantor have been followed as per the I&B Code.

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 dated 15.11.2021 was successfully delivered to the Personal Guarantor on 17.11.2021. The Petition along with notice was delivered to the Personal Guarantor on 31.05.2022 via email. The Personal Guarantor did not respond to the demand notice or pay the amount due. The Financial Creditor proposed Shri Ramratan Kanoongo as the Resolution Professional. The relevance of these facts lies in establishing that the necessary procedures for initiating the Insolvency Resolution Process against the Personal Guarantor have been followed as per the I&B Code.