The South Indian Bank Limited filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Visalakshi Periyasamy, the personal guarantor of Dharani Sugars & Chemicals Limited, which is 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 placed the Record of Default on file. The application seeks to initiate proceedings against the Respondent under Section 95(1) of the IBC, 2016.
The South Indian Bank Limited filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Mrs. Visalakshi Periyasamy, who is the personal guarantor for Dharani Sugars & Chemicals Limited. Dharani Sugars & Chemicals Limited is undergoing CIRP, and an order for CIRP was passed by the Tribunal on 29.07.2021. The application was filed due to a default with the last date of default being 30.11.2019. The Financial Creditor has placed the Record of Default on file. The Demand Notice issued under Rule 7(1) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 to the Personal Guarantor on 20.08.2020 is also placed on record. The
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The Personal G…
The Personal G…
The South Indian Bank Limited filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Visalakshi Periyasamy, the personal guarantor of Dharani Sugars & Chemicals Limited, which is 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 placed the Record of Default on file. The application seeks to initiate proceedings against the Respondent under Section 95(1) of the IBC, 2016.
The South Indian Bank Limited filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Mrs. Visalakshi Periyasamy, who is the personal guarantor for Dharani Sugars & Chemicals Limited. Dharani Sugars & Chemicals Limited is undergoing CIRP, and an order for CIRP was passed by the Tribunal on 29.07.2021. The application was filed due to a default with the last date of default being 30.11.2019. The Financial Creditor has placed the Record of Default on file. The Demand Notice issued under Rule 7(1) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 to the Personal Guarantor on 20.08.2020 is also placed on record. The
…The Personal G…
The Personal G…