The case involves a petition filed by Bank of Maharashtra against Smt. K Leela Kumari (Style N Supply Private Limited) under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner sought an interim moratorium and the appointment of a Resolution Professional. The court perused the record, including the Deed of Guarantee, and found a prima facie case for granting the interim moratorium and appointing a Resolution Professional.
Bank of Maharashtra filed a petition against Smt. K Leela Kumari (Style N Supply Private Limited) under Section 95 of the IBC, seeking an interim moratorium and appointment of a Resolution Professional. The petition was accompanied by a Deed of Guarantee. The court found a prima facie case based on the documents presented. The key facts are the filing of the petition, the existence of a Deed of Guarantee, and the court's satisfaction with the prima facie evidence for an interim moratorium and appointment of a Resolution Professional. The relevance of the Deed of Guarantee is that it likely establishes the debt and the personal guarantee of Smt. K Leela Kumari.
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The case involves a petition filed by Bank of Maharashtra against Smt. K Leela Kumari (Style N Supply Private Limited) under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner sought an interim moratorium and the appointment of a Resolution Professional. The court perused the record, including the Deed of Guarantee, and found a prima facie case for granting the interim moratorium and appointing a Resolution Professional.
Bank of Maharashtra filed a petition against Smt. K Leela Kumari (Style N Supply Private Limited) under Section 95 of the IBC, seeking an interim moratorium and appointment of a Resolution Professional. The petition was accompanied by a Deed of Guarantee. The court found a prima facie case based on the documents presented. The key facts are the filing of the petition, the existence of a Deed of Guarantee, and the court's satisfaction with the prima facie evidence for an interim moratorium and appointment of a Resolution Professional. The relevance of the Deed of Guarantee is that it likely establishes the debt and the personal guarantee of Smt. K Leela Kumari.
Hearing he…
Matter listed for…