The case pertains to an application (I.A. No. 203/2022) filed by the Resolution Professional, Mr. Manoj Kumar Mishra, seeking the closure of the Insolvency Resolution Process against the Personal Guarantor, Mr. Ameet Rupnar. The Corporate Insolvency Resolution Process (CIRP) was initiated against Fabtech Projects & Engineers Limited, the Corporate Debtor, by Bank of Maharashtra, the Financial Creditor. An Interim Resolution Professional was appointed. Subsequently, the State Bank of India filed an application to initiate the Insolvency Resolution Process against the Personal Guarantor. The Insolvency Resolution Process against the Personal Guarantor was initiated on 22.02.2021, and Mr. Manoj Kumar Mishra was appointed as the Resolution Professional. Public
…Bank of Maharashtra initiated Corporate Insolvency Resolution Process (CIRP) against Fabtech Projects & Engineers Limited (Corporate Debtor). State Bank of India filed an application to initiate Insolvency Resolution Process against Mr. Ameet Rupnar (Personal Guarantor). The CIRP against Mr. Rupnar was initiated on 22.02.2021, with Mr. Manoj Kumar Mishra appointed as the Resolution Professional. A public announcement was made to invite claims from creditors. Mr. Rupnar submitted a Repayment Plan, which was rejected by the PG-COC (Personal Guarantor's Committee of Creditors) on 24.12.2021 with 100% voting against it. The Resolution Professional then submitted a report to the Tribunal under Section 112 of the Insolvency and Bankruptcy Code. The Personal Guarantors
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The Bench admitted Company Petition No. 1222 of…
The Bench initiated the Insolvency Resolution…
The case pertains to an application (I.A. No. 203/2022) filed by the Resolution Professional, Mr. Manoj Kumar Mishra, seeking the closure of the Insolvency Resolution Process against the Personal Guarantor, Mr. Ameet Rupnar. The Corporate Insolvency Resolution Process (CIRP) was initiated against Fabtech Projects & Engineers Limited, the Corporate Debtor, by Bank of Maharashtra, the Financial Creditor. An Interim Resolution Professional was appointed. Subsequently, the State Bank of India filed an application to initiate the Insolvency Resolution Process against the Personal Guarantor. The Insolvency Resolution Process against the Personal Guarantor was initiated on 22.02.2021, and Mr. Manoj Kumar Mishra was appointed as the Resolution Professional. Public
…Bank of Maharashtra initiated Corporate Insolvency Resolution Process (CIRP) against Fabtech Projects & Engineers Limited (Corporate Debtor). State Bank of India filed an application to initiate Insolvency Resolution Process against Mr. Ameet Rupnar (Personal Guarantor). The CIRP against Mr. Rupnar was initiated on 22.02.2021, with Mr. Manoj Kumar Mishra appointed as the Resolution Professional. A public announcement was made to invite claims from creditors. Mr. Rupnar submitted a Repayment Plan, which was rejected by the PG-COC (Personal Guarantor's Committee of Creditors) on 24.12.2021 with 100% voting against it. The Resolution Professional then submitted a report to the Tribunal under Section 112 of the Insolvency and Bankruptcy Code. The Personal Guarantors
…The Bench admitted Company Petition No. 1222 of…
The Bench initiated the Insolvency Resolution…