The case involves an application filed by Mohan Sajandas Chawla under Section 94(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate insolvency proceedings as a personal guarantor. The applicant had previously filed a similar application, CP(IB)/79(AHM)2024, which was dismissed due to being incomplete and defective. The current application is the fourth attempt by the applicant to initiate proceedings before the Tribunal.
Mohan Sajandas Chawla, residing at G/14, Galaxy Tower, Behind Grand Bhagwati, Bodakdev, Ahmedabad-380054, filed an application under Section 94(1) of the Insolvency and Bankruptcy Code, 2016, to initiate insolvency proceedings as a personal guarantor. Punjab National Bank is the respondent in the case. The applicant had previously filed a similar application, CP(IB)/79(AHM)2024, which was dismissed on 16.02.2024 for being incomplete and defective due to a lack of declaration in terms of Section 94 (4) & (5) of the IBC, 2016. The applicant had also filed two prior petitions that were declined registration. The current application is the fourth attempt by the applicant. The Deed of Guarantee was not annexed to the present application.
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First petition filed…
First petition…
The case involves an application filed by Mohan Sajandas Chawla under Section 94(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate insolvency proceedings as a personal guarantor. The applicant had previously filed a similar application, CP(IB)/79(AHM)2024, which was dismissed due to being incomplete and defective. The current application is the fourth attempt by the applicant to initiate proceedings before the Tribunal.
Mohan Sajandas Chawla, residing at G/14, Galaxy Tower, Behind Grand Bhagwati, Bodakdev, Ahmedabad-380054, filed an application under Section 94(1) of the Insolvency and Bankruptcy Code, 2016, to initiate insolvency proceedings as a personal guarantor. Punjab National Bank is the respondent in the case. The applicant had previously filed a similar application, CP(IB)/79(AHM)2024, which was dismissed on 16.02.2024 for being incomplete and defective due to a lack of declaration in terms of Section 94 (4) & (5) of the IBC, 2016. The applicant had also filed two prior petitions that were declined registration. The current application is the fourth attempt by the applicant. The Deed of Guarantee was not annexed to the present application.
First petition filed…
First petition…