The application was filed under Section 94 of the Insolvency & Bankruptcy Code, 2016, by Mr. Diwan Singh, the Applicant/Guarantor, seeking initiation of Insolvency Resolution Process. The applicant is the guarantor of Balaji Digital Solution Pvt. Ltd ('Corporate Debtor'). Notice was issued to the financial creditors on 2022-01-04.
Mr. Diwan Singh, acting as a personal guarantor for Balaji Digital Solution Pvt. Ltd ('Corporate Debtor'), filed an application under Section 94 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the initiation of the Insolvency Resolution Process. The application was filed because Mr. Diwan Singh is a guarantor for the corporate debtor. Upon filing the application, an interim moratorium commenced, as per Section 96(1)(a) of the IBC. The court issued a notice to the financial creditors on 2022-01-04. The IBBI informed that the online database may be used for sections 97(2) and 98(6) of the IBC. Mr. Vijay Kumar Narang was appointed as the Resolution Professional to evaluate the application and make recommendations.
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Notice was issued to…
IBBI informed that the online database may be…
The application was filed under Section 94 of the Insolvency & Bankruptcy Code, 2016, by Mr. Diwan Singh, the Applicant/Guarantor, seeking initiation of Insolvency Resolution Process. The applicant is the guarantor of Balaji Digital Solution Pvt. Ltd ('Corporate Debtor'). Notice was issued to the financial creditors on 2022-01-04.
Mr. Diwan Singh, acting as a personal guarantor for Balaji Digital Solution Pvt. Ltd ('Corporate Debtor'), filed an application under Section 94 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the initiation of the Insolvency Resolution Process. The application was filed because Mr. Diwan Singh is a guarantor for the corporate debtor. Upon filing the application, an interim moratorium commenced, as per Section 96(1)(a) of the IBC. The court issued a notice to the financial creditors on 2022-01-04. The IBBI informed that the online database may be used for sections 97(2) and 98(6) of the IBC. Mr. Vijay Kumar Narang was appointed as the Resolution Professional to evaluate the application and make recommendations.
Notice was issued to…
IBBI informed that the online database may be…