The Karur Vysya Bank Ltd filed a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s G V Annai Hospital LLP. The Tribunal had previously ordered the Petitioner to serve the petition on the Respondent and file an Affidavit of Service. The petition was delivered to the Corporate Debtor by Speed Post on 06.03.2025. Despite service, the Respondent did not appear when the matter was listed for hearing. The Respondent had taken notice prior to filing.
The Karur Vysya Bank Ltd filed a petition under Section 7 of the IBC to initiate CIRP against M/s G V Annai Hospital LLP, the Corporate Debtor. The Tribunal ordered the Petitioner to serve the petition on the Respondent. The petition was delivered to the Corporate Debtor by Speed Post on 06.03.2025. The Respondent failed to appear for the hearing despite being served. The Corporate Debtor was incorporated on 11.09.2014. They had approached the Applicant for Secured Over Draft (SOD) and Term Loan Building (TLB) and Hypothecation of Machinery Loan (HPMA) facilities to the tune of Rs. 6.0 Crores, which was sanctioned on 01.03.2016. The Corporate Debtor failed to discharge the liability. An agreement of guarantee was executed by Personal Guarantors on 01.06.2016, and a
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The Respondent/Corporate…
The loan was sa…
The Karur Vysya Bank Ltd filed a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s G V Annai Hospital LLP. The Tribunal had previously ordered the Petitioner to serve the petition on the Respondent and file an Affidavit of Service. The petition was delivered to the Corporate Debtor by Speed Post on 06.03.2025. Despite service, the Respondent did not appear when the matter was listed for hearing. The Respondent had taken notice prior to filing.
The Karur Vysya Bank Ltd filed a petition under Section 7 of the IBC to initiate CIRP against M/s G V Annai Hospital LLP, the Corporate Debtor. The Tribunal ordered the Petitioner to serve the petition on the Respondent. The petition was delivered to the Corporate Debtor by Speed Post on 06.03.2025. The Respondent failed to appear for the hearing despite being served. The Corporate Debtor was incorporated on 11.09.2014. They had approached the Applicant for Secured Over Draft (SOD) and Term Loan Building (TLB) and Hypothecation of Machinery Loan (HPMA) facilities to the tune of Rs. 6.0 Crores, which was sanctioned on 01.03.2016. The Corporate Debtor failed to discharge the liability. An agreement of guarantee was executed by Personal Guarantors on 01.06.2016, and a
…The Respondent/Corporate…
The loan was sa…