The case involves an application under Section 95(1) of the IBC for initiation of Insolvency Resolution Process against Sheetal Thakur, the Personal Guarantor of the Corporate Debtor. The Financial Creditor, Bank of Maharashtra Limited, filed the application. The Financial Creditor drew attention to a Demand Notice dated 17.11.2022 invoking the Guarantee and the Deed of Guarantee dated 25.03.2013 executed by the respondent.
Bank of Maharashtra Limited filed a Company Petition against Sheetal Thakur, who is the Personal Guarantor of a Corporate Debtor, under Section 95(1) of the IBC. The Financial Creditor sought to initiate the Insolvency Resolution Process against the Personal Guarantor. The Financial Creditor presented a Demand Notice dated 17.11.2022 and a Deed of Guarantee dated 25.03.2013. The Financial Creditor did not propose an Interim Resolution Professional (IRP). The court then appointed Gaurang Chhotalal Shah as the Resolution Professional.
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Date of the Demand…
Date of the Deed of…
The case involves an application under Section 95(1) of the IBC for initiation of Insolvency Resolution Process against Sheetal Thakur, the Personal Guarantor of the Corporate Debtor. The Financial Creditor, Bank of Maharashtra Limited, filed the application. The Financial Creditor drew attention to a Demand Notice dated 17.11.2022 invoking the Guarantee and the Deed of Guarantee dated 25.03.2013 executed by the respondent.
Bank of Maharashtra Limited filed a Company Petition against Sheetal Thakur, who is the Personal Guarantor of a Corporate Debtor, under Section 95(1) of the IBC. The Financial Creditor sought to initiate the Insolvency Resolution Process against the Personal Guarantor. The Financial Creditor presented a Demand Notice dated 17.11.2022 and a Deed of Guarantee dated 25.03.2013. The Financial Creditor did not propose an Interim Resolution Professional (IRP). The court then appointed Gaurang Chhotalal Shah as the Resolution Professional.
Date of the Demand…
Date of the Deed of…