The case involves an application filed under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the initiation of an insolvency process against Ms. Kiran Qureshi, the Personal Guarantor, due to an alleged default amounting to Rs. 57,03,48,771 as of October 26, 2022. An application IA-6207/2023 was filed seeking rectification of an order dated 30.10.2023, where paragraphs 2 and 3 were inadvertently incorporated. The court directed the deletion of these paragraphs.
Indian Bank filed an application under Section 95(1) of the IBC, 2016, to initiate insolvency proceedings against Ms. Kiran Qureshi, the Personal Guarantor, due to an alleged default of Rs. 57,03,48,771 as of October 26, 2022. The applicant did not propose a Resolution Professional. The court appointed Mr. Roshan Lal Jain as the Resolution Professional. An interim moratorium under Section 96 of IBC has been initiated. An application IA-6207/2023 was filed seeking rectification of order dated 30.10.2023, specifically requesting the deletion of inadvertently included paragraphs 2 and 3. The court directed the deletion of the specified paragraphs from the order dated 30.10.2023.
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Alleged defaul…
Order issued with…
The case involves an application filed under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the initiation of an insolvency process against Ms. Kiran Qureshi, the Personal Guarantor, due to an alleged default amounting to Rs. 57,03,48,771 as of October 26, 2022. An application IA-6207/2023 was filed seeking rectification of an order dated 30.10.2023, where paragraphs 2 and 3 were inadvertently incorporated. The court directed the deletion of these paragraphs.
Indian Bank filed an application under Section 95(1) of the IBC, 2016, to initiate insolvency proceedings against Ms. Kiran Qureshi, the Personal Guarantor, due to an alleged default of Rs. 57,03,48,771 as of October 26, 2022. The applicant did not propose a Resolution Professional. The court appointed Mr. Roshan Lal Jain as the Resolution Professional. An interim moratorium under Section 96 of IBC has been initiated. An application IA-6207/2023 was filed seeking rectification of order dated 30.10.2023, specifically requesting the deletion of inadvertently included paragraphs 2 and 3. The court directed the deletion of the specified paragraphs from the order dated 30.10.2023.
Alleged defaul…
Order issued with…