The case involves an application filed by MuthootFincorp Limited, the Financial Creditor, against P.M. Nargunam, the Personal Guarantor, under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016. The corporate debtor, Santosh Hospitals Private Limited, is under liquidation. An order admitting the Corporate Debtor into CIRP was passed on 04.04.2019, followed by an order for liquidation. An appeal against the liquidation order was dismissed on 14.02.2022.
MuthootFincorp Limited, the Financial Creditor, filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against P.M. Nargunam, the Personal Guarantor, concerning a debt related to Santosh Hospitals Private Limited, the Corporate Debtor. The Corporate Debtor is under liquidation, with CIRP initiated on 04.04.2019 and a liquidation order passed subsequently. The date of default is stated as 01.08.2017. A demand notice was issued to the Personal Guarantor on 06.01.2020 under Rule 7(1) of the Insolvency and Bankruptcy Rules, 2019. The Financial Creditor inadvertently filed a consent affidavit from an Insolvency Resolution Professional and sought to strike it out.
Sign in to view the parties.
The date of de…
Order admitting the…
The case involves an application filed by MuthootFincorp Limited, the Financial Creditor, against P.M. Nargunam, the Personal Guarantor, under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016. The corporate debtor, Santosh Hospitals Private Limited, is under liquidation. An order admitting the Corporate Debtor into CIRP was passed on 04.04.2019, followed by an order for liquidation. An appeal against the liquidation order was dismissed on 14.02.2022.
MuthootFincorp Limited, the Financial Creditor, filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against P.M. Nargunam, the Personal Guarantor, concerning a debt related to Santosh Hospitals Private Limited, the Corporate Debtor. The Corporate Debtor is under liquidation, with CIRP initiated on 04.04.2019 and a liquidation order passed subsequently. The date of default is stated as 01.08.2017. A demand notice was issued to the Personal Guarantor on 06.01.2020 under Rule 7(1) of the Insolvency and Bankruptcy Rules, 2019. The Financial Creditor inadvertently filed a consent affidavit from an Insolvency Resolution Professional and sought to strike it out.
The date of de…
Order admitting the…