The case pertains to an application filed under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016, against Smt. Seema Gupta, a personal guarantor, by IDBI Bank Limited. The Resolution Professional (RP), Mr. Anil Kumar Mittal, was appointed to assess the application. The RP filed a report stating that there was no proof of repayment of the debt by the personal guarantor to the creditor (IDBI Bank). The RP recommended the admission of the application.
IDBI Bank Limited filed an application under Section 95(1) of the IBC, 2016, against Smt. Seema Gupta, a personal guarantor. The RP, Anil Kumar Mittal, was appointed and filed a report stating no proof of debt repayment by the guarantor. The RP recommended admitting the application. The respondent's counsel claimed a debt amount discrepancy. IDBI Bank had also filed an Original Application (OA No. 1062/2019) before DRT-III, Delhi, seeking recovery of Rs. 9,93,37,298.96. The court noted the default amount exceeded Rs. 1 crore. The applicant bank claimed Rs. 15,19,84,972.42 as the amount due.
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Order appointing IP Mr.…
The Resol…
The case pertains to an application filed under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016, against Smt. Seema Gupta, a personal guarantor, by IDBI Bank Limited. The Resolution Professional (RP), Mr. Anil Kumar Mittal, was appointed to assess the application. The RP filed a report stating that there was no proof of repayment of the debt by the personal guarantor to the creditor (IDBI Bank). The RP recommended the admission of the application.
IDBI Bank Limited filed an application under Section 95(1) of the IBC, 2016, against Smt. Seema Gupta, a personal guarantor. The RP, Anil Kumar Mittal, was appointed and filed a report stating no proof of debt repayment by the guarantor. The RP recommended admitting the application. The respondent's counsel claimed a debt amount discrepancy. IDBI Bank had also filed an Original Application (OA No. 1062/2019) before DRT-III, Delhi, seeking recovery of Rs. 9,93,37,298.96. The court noted the default amount exceeded Rs. 1 crore. The applicant bank claimed Rs. 15,19,84,972.42 as the amount due.
Order appointing IP Mr.…
The Resol…