The case involves a Company Petition filed by Solapur Janata Sahakari Bank Limited, the Financial Creditor, under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantor to Corporate Debtors) Rules, 2019. The petition seeks to initiate a Personal Insolvency Resolution Process against Mr. Sopanrao Tukaram Naranvar, the Personal Guarantor of M/S Shetkari Sakhar Karkhana (Chandrapuri) Limited. The Corporate Debtor is already undergoing CIRP vide order dated 14.01.2019. The demand notice dated 10.11.2021 and the petition and court notice were successfully delivered to the Personal Guarantor.
Solapur Janata Sahakari Bank Limited, the Financial Creditor, filed a Company Petition under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking to initiate a Personal Insolvency Resolution Process against Mr. Sopanrao Tukaram Naranvar, who is the Personal Guarantor of M/S Shetkari Sakhar Karkhana (Chandrapuri) Limited. The Corporate Debtor, M/S Shetkari Sakhar Karkhana (Chandrapuri) Limited, is already undergoing Corporate Insolvency Resolution Process (CIRP) as per the order dated 14.01.2019. The Financial Creditor successfully delivered a demand notice dated 10.11.2021, the petition, and the court notice to the Personal Guarantor on 13.12.2021 and 16.03.2022. The petition is deemed complete in all respects. The court appointed Mr. Nitin Om Kothari
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Corporate Debtor M/S…
Demand Notice i…
The case involves a Company Petition filed by Solapur Janata Sahakari Bank Limited, the Financial Creditor, under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantor to Corporate Debtors) Rules, 2019. The petition seeks to initiate a Personal Insolvency Resolution Process against Mr. Sopanrao Tukaram Naranvar, the Personal Guarantor of M/S Shetkari Sakhar Karkhana (Chandrapuri) Limited. The Corporate Debtor is already undergoing CIRP vide order dated 14.01.2019. The demand notice dated 10.11.2021 and the petition and court notice were successfully delivered to the Personal Guarantor.
Solapur Janata Sahakari Bank Limited, the Financial Creditor, filed a Company Petition under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking to initiate a Personal Insolvency Resolution Process against Mr. Sopanrao Tukaram Naranvar, who is the Personal Guarantor of M/S Shetkari Sakhar Karkhana (Chandrapuri) Limited. The Corporate Debtor, M/S Shetkari Sakhar Karkhana (Chandrapuri) Limited, is already undergoing Corporate Insolvency Resolution Process (CIRP) as per the order dated 14.01.2019. The Financial Creditor successfully delivered a demand notice dated 10.11.2021, the petition, and the court notice to the Personal Guarantor on 13.12.2021 and 16.03.2022. The petition is deemed complete in all respects. The court appointed Mr. Nitin Om Kothari
…Corporate Debtor M/S…
Demand Notice i…