The case pertains to an application filed under Section 95 of the Insolvency and Bankruptcy Code, 2016, and Rule 7(2) of the Insolvency and Bankruptcy Rules, 2019, by State Bank of India against Mr. A.R. Mohammed Salaieh, the personal guarantor to the Corporate Debtor, Select Galva India Private Limited. An application to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor is pending before the Adjudicating Authority. The date of default is stated as 22.11.2017. A demand notice was issued to the Personal Guarantor on 29.08.2020.
State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. A.R. Mohammed Salaieh, who is the personal guarantor for Select Galva India Private Limited. The application seeks to initiate an insolvency resolution process for the personal guarantor. The Corporate Debtor, Select Galva India Private Limited, has a pending CIRP application. The date of default is 2017-11-22. A demand notice was issued to the Personal Guarantor on 2020-08-29. The application is filed before the NCLT Chennai. The applicant is State Bank of India, the financial creditor. The respondent is Mr. A.R. Mohammed Salaieh, the personal guarantor. The court appointed an Interim Resolution Professional (IRP).
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The date of de…
Demand Notice issued under Rule 7(1) of the…
The case pertains to an application filed under Section 95 of the Insolvency and Bankruptcy Code, 2016, and Rule 7(2) of the Insolvency and Bankruptcy Rules, 2019, by State Bank of India against Mr. A.R. Mohammed Salaieh, the personal guarantor to the Corporate Debtor, Select Galva India Private Limited. An application to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor is pending before the Adjudicating Authority. The date of default is stated as 22.11.2017. A demand notice was issued to the Personal Guarantor on 29.08.2020.
State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. A.R. Mohammed Salaieh, who is the personal guarantor for Select Galva India Private Limited. The application seeks to initiate an insolvency resolution process for the personal guarantor. The Corporate Debtor, Select Galva India Private Limited, has a pending CIRP application. The date of default is 2017-11-22. A demand notice was issued to the Personal Guarantor on 2020-08-29. The application is filed before the NCLT Chennai. The applicant is State Bank of India, the financial creditor. The respondent is Mr. A.R. Mohammed Salaieh, the personal guarantor. The court appointed an Interim Resolution Professional (IRP).
The date of de…
Demand Notice issued under Rule 7(1) of the…