The case involves an application filed by a Financial Creditor under Section 95 of the Insolvency and Bankruptcy Code (IBC) seeking the initiation of the Insolvency Resolution Process against the personal guarantor of the Corporate Debtor, Mr. Rajesh Thakkar. The applicant is Piramal Capital & Housing Finance Limited (Formerly Known as Dewan Housing Finance Corporation Limited).
Piramal Capital & Housing Finance Limited (Formerly Known as Dewan Housing Finance Corporation Limited) filed an application under Section 95 of the IBC seeking initiation of Insolvency Resolution Process against the personal guarantor, Mr. Rajesh Thakkar, of the Corporate Debtor. The applicant requested the appointment of an Insolvency Professional. The court appointed Mr. Hiten Ratilal Abhani as the Resolution Professional. An interim moratorium under Section 96 of the Code was ordered to commence from the date of application. The Resolution Professional was directed to file a report within ten days. The case was listed for further hearing on 04.08.2022.
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The case involves an application filed by a Financial Creditor under Section 95 of the Insolvency and Bankruptcy Code (IBC) seeking the initiation of the Insolvency Resolution Process against the personal guarantor of the Corporate Debtor, Mr. Rajesh Thakkar. The applicant is Piramal Capital & Housing Finance Limited (Formerly Known as Dewan Housing Finance Corporation Limited).
Piramal Capital & Housing Finance Limited (Formerly Known as Dewan Housing Finance Corporation Limited) filed an application under Section 95 of the IBC seeking initiation of Insolvency Resolution Process against the personal guarantor, Mr. Rajesh Thakkar, of the Corporate Debtor. The applicant requested the appointment of an Insolvency Professional. The court appointed Mr. Hiten Ratilal Abhani as the Resolution Professional. An interim moratorium under Section 96 of the Code was ordered to commence from the date of application. The Resolution Professional was directed to file a report within ten days. The case was listed for further hearing on 04.08.2022.
The order was d…
The case was li…