The case involves a company petition filed by Sandeep M Shah for the initiation of the Insolvency Resolution Process, acting as the personal guarantor of the corporate debtor. The Financial Creditor invited the bench's attention to a Deed of Guarantee dated 20.10.2009, a notice dated 30.11.2015 issued by SBI under section 13 of the SARFAESI Act 2002, and a notice dated 07.08.2021 issued by SBI invoking Sandeep Shah's personal guarantee. The Financial Creditor also highlighted the deed of guarantee covering all facilities executed by the personal guarantor in favor of the applicant bank.
Sandeep M Shah filed a company petition for the initiation of the Insolvency Resolution Process as a personal guarantor for a corporate debtor. The Financial Creditor presented a Deed of Guarantee dated 2009-10-20, a notice issued by SBI on 2015-11-30 under Section 13 of the SARFAESI Act 2002, and a notice issued by SBI on 2021-08-07 invoking the personal guarantee of Sandeep Shah. The Financial Creditor also drew attention to the guarantee covering all facilities executed by the personal guarantor for the applicant bank. The corporate debtor defaulted, leading the petitioner to invoke the personal guarantee and issue an Invocation Letter for outstanding dues.
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Deed of Gua…
SBI issued noti…
The case involves a company petition filed by Sandeep M Shah for the initiation of the Insolvency Resolution Process, acting as the personal guarantor of the corporate debtor. The Financial Creditor invited the bench's attention to a Deed of Guarantee dated 20.10.2009, a notice dated 30.11.2015 issued by SBI under section 13 of the SARFAESI Act 2002, and a notice dated 07.08.2021 issued by SBI invoking Sandeep Shah's personal guarantee. The Financial Creditor also highlighted the deed of guarantee covering all facilities executed by the personal guarantor in favor of the applicant bank.
Sandeep M Shah filed a company petition for the initiation of the Insolvency Resolution Process as a personal guarantor for a corporate debtor. The Financial Creditor presented a Deed of Guarantee dated 2009-10-20, a notice issued by SBI on 2015-11-30 under Section 13 of the SARFAESI Act 2002, and a notice issued by SBI on 2021-08-07 invoking the personal guarantee of Sandeep Shah. The Financial Creditor also drew attention to the guarantee covering all facilities executed by the personal guarantor for the applicant bank. The corporate debtor defaulted, leading the petitioner to invoke the personal guarantee and issue an Invocation Letter for outstanding dues.
Deed of Gua…
SBI issued noti…