Small Industries Development Bank of India (SIDBI) filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against the personal guarantor, Smt. Anny Johnson, of M/s. St John Freight systems Limited. M/s. St John Freight systems Limited had taken credit facilities from SIDBI, and Smt. Anny Johnson had given a personal guarantee for the loan. The Corporate Debtor failed to repay the debt, leading SIDBI to initiate CIRP against the Corporate Debtor. The amount of debt and default is Rs.16,36,01,727/-, with the date of default being 09.06.2015. The Corporate Debtor is under liquidation before Court – II of the Tribunal. A demand notice was issued to the Personal Guarantor on 01.06.2022.

Small Industries Development Bank of India (SIDBI) filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against the personal guarantor, Smt. Anny Johnson, of M/s. St John Freight systems Limited. M/s. St John Freight systems Limited had taken credit facilities from SIDBI, and Smt. Anny Johnson had given a personal guarantee for the loan. The Corporate Debtor failed to repay the debt, leading SIDBI to initiate CIRP against the Corporate Debtor. The amount of debt and default is Rs.16,36,01,727/-, with the date of default being 09.06.2015. The Corporate Debtor is under liquidation before Court – II of the Tribunal. A demand notice was issued to the Personal Guarantor on 01.06.2022.