The case pertains to an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, read with rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtor) Rules, 2019. Central Bank of India filed the application against Mr. Anil Kumar Kedia.
Central Bank of India filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against Mr. Anil Kumar Kedia, a personal guarantor. The application was filed according to the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtor) Rules, 2019. The NCLT Kolkata Bench was hearing the matter. During the proceedings, the court was informed of a related matter before the Supreme Court, Writ Petition (Civil) No. 478/2022 (Gaurav Garg -vs- Union of India & Ors.) and related petitions, which challenged the validity of Sections 95(1), 96(1), 97(5), 99(1), 99(2), 99(4), 99(5), 99(6) and 100 of the Insolvency and Bankruptcy Code, 2016. The Supreme Court had
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The matter was…
The Hon'ble Supreme Court passed an order in…
The case pertains to an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, read with rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtor) Rules, 2019. Central Bank of India filed the application against Mr. Anil Kumar Kedia.
Central Bank of India filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against Mr. Anil Kumar Kedia, a personal guarantor. The application was filed according to the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtor) Rules, 2019. The NCLT Kolkata Bench was hearing the matter. During the proceedings, the court was informed of a related matter before the Supreme Court, Writ Petition (Civil) No. 478/2022 (Gaurav Garg -vs- Union of India & Ors.) and related petitions, which challenged the validity of Sections 95(1), 96(1), 97(5), 99(1), 99(2), 99(4), 99(5), 99(6) and 100 of the Insolvency and Bankruptcy Code, 2016. The Supreme Court had
…The matter was…
The Hon'ble Supreme Court passed an order in…