This is an application filed by the Financial Creditor, Bank of Maharastra, against the Personal Guarantor, Mr. Donkena Yadagiri (Maven Life Sciences Pvt Ltd). The Tribunal ordered notice to the Personal Guarantor, which was duly served. However, the Personal Guarantor did not appear and contest the Petition, and was therefore set ex-parte.
Bank of Maharastra filed an application against Mr. Donkena Yadagiri (Maven Life Sciences Pvt Ltd) as a Personal Guarantor. The Tribunal served notice to the Personal Guarantor, but he did not appear or contest the petition. The Tribunal reviewed the petition and found sufficient grounds to admit the application for IRP. An IRP, Shri Golla Rama Kanth Rao, was appointed. An interim moratorium was declared. The respondents were directed to file a reply within two weeks, and the petitioner was given the opportunity to file a rejoinder. The case was adjourned to 2023-05-29.
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Hearing he…
Application f…
This is an application filed by the Financial Creditor, Bank of Maharastra, against the Personal Guarantor, Mr. Donkena Yadagiri (Maven Life Sciences Pvt Ltd). The Tribunal ordered notice to the Personal Guarantor, which was duly served. However, the Personal Guarantor did not appear and contest the Petition, and was therefore set ex-parte.
Bank of Maharastra filed an application against Mr. Donkena Yadagiri (Maven Life Sciences Pvt Ltd) as a Personal Guarantor. The Tribunal served notice to the Personal Guarantor, but he did not appear or contest the petition. The Tribunal reviewed the petition and found sufficient grounds to admit the application for IRP. An IRP, Shri Golla Rama Kanth Rao, was appointed. An interim moratorium was declared. The respondents were directed to file a reply within two weeks, and the petitioner was given the opportunity to file a rejoinder. The case was adjourned to 2023-05-29.
Hearing he…
Application f…