The Central Bank of India filed an application against Mr. Shantilal Surana, the personal guarantor of Surana Industries Limited, which is under liquidation. The liquidation order for Surana Industries Limited was passed on 2018-10-12. The date of default is stated as 2019-04-11. A Deed of Guarantee executed by the Personal Guarantor is placed on record. A demand notice was issued to the Personal Guarantor on 2020-12-09. The application was filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The applicant did not mention the name of the Resolution Professional, so the Tribunal appointed Mr. V. Duraisamy as the Interim Resolution Professional.

The Central Bank of India filed an application against Mr. Shantilal Surana, the personal guarantor of Surana Industries Limited, which is under liquidation. The liquidation order for Surana Industries Limited was passed on 2018-10-12. The date of default is stated as 2019-04-11. A Deed of Guarantee executed by the Personal Guarantor is placed on record. A demand notice was issued to the Personal Guarantor on 2020-12-09. The application was filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The applicant did not mention the name of the Resolution Professional, so the Tribunal appointed Mr. V. Duraisamy as the Interim Resolution Professional.