The case pertains to an application filed by Dinesh Gangaprasad Jaiswal, the Personal Guarantor/Petitioner, under Section 94 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate an Insolvency Resolution Process against himself. The application is related to a guarantee provided by the Petitioner for M/s J-Marks Exim (India) Pvt. Ltd. ("Corporate Debtor"). The State Bank of India (SBI) filed an I.A. 2894/2023 seeking to declare the initially proposed Insolvency Professional, Mr. Manish Lalji Dawda, unfit and to replace him. The loan granted to the Corporate Debtor was declared as Non-Performing Assets on 30.09.2013, and the Corporate Debtor was admitted into CIRP on 26.05.2020.
Dinesh Gangaprasad Jaiswal, the Petitioner, filed an application under Section 94 of the Insolvency and Bankruptcy Code, 2016, as a Personal Guarantor to M/s J-Marks Exim (India) Pvt. Ltd. ("Corporate Debtor"). The Petitioner had given a guarantee as per the deed of guarantee dated 17.02.2012 in favor of the Corporate Debtor. The loan granted to the Corporate Debtor was declared as Non-Performing Assets on 30.09.2013, and the Corporate Debtor was admitted into CIRP on 26.05.2020. The Petitioner proposed Mr. Manish Lalji Dawda as the RP. SBI filed I.A. 2894/2023 seeking to declare Mr. Manish Lalji Dawda unfit and replace him. Mr. Dawda withdrew his name. SBI proposed Mr. Birendra Kumar Agarwal as the new RP.
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The Petitioner/ Personal Guarantor had given a…
The loan granted to…
The case pertains to an application filed by Dinesh Gangaprasad Jaiswal, the Personal Guarantor/Petitioner, under Section 94 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate an Insolvency Resolution Process against himself. The application is related to a guarantee provided by the Petitioner for M/s J-Marks Exim (India) Pvt. Ltd. ("Corporate Debtor"). The State Bank of India (SBI) filed an I.A. 2894/2023 seeking to declare the initially proposed Insolvency Professional, Mr. Manish Lalji Dawda, unfit and to replace him. The loan granted to the Corporate Debtor was declared as Non-Performing Assets on 30.09.2013, and the Corporate Debtor was admitted into CIRP on 26.05.2020.
Dinesh Gangaprasad Jaiswal, the Petitioner, filed an application under Section 94 of the Insolvency and Bankruptcy Code, 2016, as a Personal Guarantor to M/s J-Marks Exim (India) Pvt. Ltd. ("Corporate Debtor"). The Petitioner had given a guarantee as per the deed of guarantee dated 17.02.2012 in favor of the Corporate Debtor. The loan granted to the Corporate Debtor was declared as Non-Performing Assets on 30.09.2013, and the Corporate Debtor was admitted into CIRP on 26.05.2020. The Petitioner proposed Mr. Manish Lalji Dawda as the RP. SBI filed I.A. 2894/2023 seeking to declare Mr. Manish Lalji Dawda unfit and replace him. Mr. Dawda withdrew his name. SBI proposed Mr. Birendra Kumar Agarwal as the new RP.
The Petitioner/ Personal Guarantor had given a…
The loan granted to…