This is an application filed by the Financial Creditor, Bank of Maharastra, against the Personal Guarantor, Mr. Gali Niranjan (Rex Contractors & Traders Pvt Ltd). The Tribunal ordered notice to the Personal Guarantor, which was duly served. However, the Personal Guarantor did not appear or contest the Petition, and was therefore set ex-parte.
Bank of Maharastra filed an application against Mr. Gali Niranjan (Rex Contractors & Traders Pvt Ltd) under Section 95 of IBC, 2016, as the Personal Guarantor. Notice was served to the Personal Guarantor, but they did not appear or contest the petition. The Tribunal found sufficient grounds for admission of the application and appointed Shri Golla Rama Kanth Rao as the IRP. An interim moratorium was declared, and the matter was adjourned to 2023-05-29. The key fact is the non-appearance of the personal guarantor after being served notice, leading to an ex-parte decision.
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Attendance cum order…
Order issued admitting…
This is an application filed by the Financial Creditor, Bank of Maharastra, against the Personal Guarantor, Mr. Gali Niranjan (Rex Contractors & Traders Pvt Ltd). The Tribunal ordered notice to the Personal Guarantor, which was duly served. However, the Personal Guarantor did not appear or contest the Petition, and was therefore set ex-parte.
Bank of Maharastra filed an application against Mr. Gali Niranjan (Rex Contractors & Traders Pvt Ltd) under Section 95 of IBC, 2016, as the Personal Guarantor. Notice was served to the Personal Guarantor, but they did not appear or contest the petition. The Tribunal found sufficient grounds for admission of the application and appointed Shri Golla Rama Kanth Rao as the IRP. An interim moratorium was declared, and the matter was adjourned to 2023-05-29. The key fact is the non-appearance of the personal guarantor after being served notice, leading to an ex-parte decision.
Attendance cum order…
Order issued admitting…