The case involves a Company Petition filed by Coral Conpro Pvt. Ltd. under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016, against Mr. Saurabh Taya, who is a Personal Guarantor. The petition seeks the initiation of the Insolvency Resolution Process against the personal guarantor.
Coral Conpro Pvt. Ltd. filed a company petition under Section 95(1) of the IBC, 2016, against Saurabh Taya, who is a personal guarantor. The petition aims to initiate the Insolvency Resolution Process against Saurabh Taya. During the virtual hearing, the Resolution Professional was present, but neither the Corporate Debtor nor the Personal Guarantor appeared. The NCLT appointed Yatin Kumar Shah as the Interim Resolution Professional (IRP). The IRP is required to examine the petition and submit a report within 10 days from the order date. The matter is scheduled for further hearing on 04.05.2023 for the submission of the IRP's report.
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The case involves a Company Petition filed by Coral Conpro Pvt. Ltd. under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016, against Mr. Saurabh Taya, who is a Personal Guarantor. The petition seeks the initiation of the Insolvency Resolution Process against the personal guarantor.
Coral Conpro Pvt. Ltd. filed a company petition under Section 95(1) of the IBC, 2016, against Saurabh Taya, who is a personal guarantor. The petition aims to initiate the Insolvency Resolution Process against Saurabh Taya. During the virtual hearing, the Resolution Professional was present, but neither the Corporate Debtor nor the Personal Guarantor appeared. The NCLT appointed Yatin Kumar Shah as the Interim Resolution Professional (IRP). The IRP is required to examine the petition and submit a report within 10 days from the order date. The matter is scheduled for further hearing on 04.05.2023 for the submission of the IRP's report.
Hearing of Mumbai Bench…
Date for submission of…