The case involves an application filed by The South Indian Bank Limited under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Dr. G Palani G Periyasamy, the personal guarantor of Dharani Sugars & Chemicals Limited, a corporate debtor undergoing Corporate Insolvency Resolution Process (CIRP). The application was filed due to a default, with the last date of default being 30.11.2019. The Financial Creditor has also placed on file the Record of Default.
The South Indian Bank Limited filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Dr. G Palani G Periyasamy, who is the personal guarantor for Dharani Sugars & Chemicals Limited. Dharani Sugars & Chemicals Limited is a corporate debtor currently undergoing Corporate Insolvency Resolution Process (CIRP). The application was filed due to a default, with the last date of default being 30.11.2019. The bank, as the financial creditor, submitted a record of default. The respondent's counsel argued that the application should be dismissed on the grounds of maintainability. The personal guarantor had executed a Deed of Guarantee on 16.03.2015, 28.09.2015, and 16.04.2016. A demand notice was issued to the personal guarantor on
…Sign in to view the parties.
The last date of…
Demand Notice issued under Rule 7(1) of the…
The case involves an application filed by The South Indian Bank Limited under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Dr. G Palani G Periyasamy, the personal guarantor of Dharani Sugars & Chemicals Limited, a corporate debtor undergoing Corporate Insolvency Resolution Process (CIRP). The application was filed due to a default, with the last date of default being 30.11.2019. The Financial Creditor has also placed on file the Record of Default.
The South Indian Bank Limited filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Dr. G Palani G Periyasamy, who is the personal guarantor for Dharani Sugars & Chemicals Limited. Dharani Sugars & Chemicals Limited is a corporate debtor currently undergoing Corporate Insolvency Resolution Process (CIRP). The application was filed due to a default, with the last date of default being 30.11.2019. The bank, as the financial creditor, submitted a record of default. The respondent's counsel argued that the application should be dismissed on the grounds of maintainability. The personal guarantor had executed a Deed of Guarantee on 16.03.2015, 28.09.2015, and 16.04.2016. A demand notice was issued to the personal guarantor on
…The last date of…
Demand Notice issued under Rule 7(1) of the…