The case involves a Company Petition filed by National Asset Reconstruction Company Limited (“the Financial Creditor”) under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC) read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, seeking to initiate Personal Insolvency Resolution Process (CIRP) against Mr. Manohar Lal Gupta, the Personal Guarantor. The Corporate Debtor to the Personal Guarantor was admitted into CIRP by the Tribunal vide order dated 09.02.2023.
National Asset Reconstruction Company Limited, the Financial Creditor, filed a Company Petition under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC) read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, to initiate Personal Insolvency Resolution Process (CIRP) against Mr. Manohar Lal Gupta, the Personal Guarantor. A demand notice dated 27.03.2023 was successfully delivered to the Personal Guarantor on 03.04.2023. The Corporate Debtor to the Personal Guarantor was admitted into CIRP by the Tribunal vide order dated 09.02.2023. The Petitioner recommended Mr. Kshitiz Gupta as the Resolution Professional. The petition was served
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The Corporate Debtor to the Personal Guarantor…
Date of the Demand…
The case involves a Company Petition filed by National Asset Reconstruction Company Limited (“the Financial Creditor”) under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC) read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, seeking to initiate Personal Insolvency Resolution Process (CIRP) against Mr. Manohar Lal Gupta, the Personal Guarantor. The Corporate Debtor to the Personal Guarantor was admitted into CIRP by the Tribunal vide order dated 09.02.2023.
National Asset Reconstruction Company Limited, the Financial Creditor, filed a Company Petition under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC) read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, to initiate Personal Insolvency Resolution Process (CIRP) against Mr. Manohar Lal Gupta, the Personal Guarantor. A demand notice dated 27.03.2023 was successfully delivered to the Personal Guarantor on 03.04.2023. The Corporate Debtor to the Personal Guarantor was admitted into CIRP by the Tribunal vide order dated 09.02.2023. The Petitioner recommended Mr. Kshitiz Gupta as the Resolution Professional. The petition was served
…The Corporate Debtor to the Personal Guarantor…
Date of the Demand…