The State Bank of India filed an application under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, against Mrs. Abhilahsa Aggarwal, a personal guarantor to a corporate debtor. The application seeks to initiate the Insolvency Resolution (IR) process against the personal guarantor.
The State Bank of India (SBI) filed an application under Section 95(1) of the IBC, 2016, read with Rule 7 of the relevant rules, against Mrs. Abhilahsa Aggarwal, who is a personal guarantor to a corporate debtor. The SBI seeks to initiate the Insolvency Resolution (IR) process against Mrs. Aggarwal. A demand notice dated 28.06.2021 was issued to the personal guarantor. The application included a demand for payment of the amount of default. Upon filing the application, an interim moratorium under Section 96(1)(a) of the IBC commenced. The court appointed Mr. Yogender Pal Singhal as the Resolution Professional (RP). The RP's details, including IBBI registration number and email address, were provided. The RP is required to perform functions under Section 99 of the IBC
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Demand Notice issued to Mrs. Abhilahsa…
Order delivered by the NCLT, admitting the…
The State Bank of India filed an application under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, against Mrs. Abhilahsa Aggarwal, a personal guarantor to a corporate debtor. The application seeks to initiate the Insolvency Resolution (IR) process against the personal guarantor.
The State Bank of India (SBI) filed an application under Section 95(1) of the IBC, 2016, read with Rule 7 of the relevant rules, against Mrs. Abhilahsa Aggarwal, who is a personal guarantor to a corporate debtor. The SBI seeks to initiate the Insolvency Resolution (IR) process against Mrs. Aggarwal. A demand notice dated 28.06.2021 was issued to the personal guarantor. The application included a demand for payment of the amount of default. Upon filing the application, an interim moratorium under Section 96(1)(a) of the IBC commenced. The court appointed Mr. Yogender Pal Singhal as the Resolution Professional (RP). The RP's details, including IBBI registration number and email address, were provided. The RP is required to perform functions under Section 99 of the IBC
…Demand Notice issued to Mrs. Abhilahsa…
Order delivered by the NCLT, admitting the…