State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. Azam Khan Abdul Razak, the personal guarantor of Galva India Private Limited, the Corporate Debtor. An application to initiate Corporate Insolvency Resolution Process (CIRP) against Galva India Private Limited is already pending. The date of default stated in the application is July 30, 2021. Agreements of Guarantee executed by the Personal Guarantor are placed in the typed set filed along with the application. A Demand Notice was issued under Rule 7(1) of the Insolvency and Bankruptcy Rules, 2019, to the Personal Guarantor on August 29, 2020. The application seeks to initiate proceedings against the Respondent under Section 95(1) of the IBC, 2016.

State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. Azam Khan Abdul Razak, the personal guarantor of Galva India Private Limited, the Corporate Debtor. An application to initiate Corporate Insolvency Resolution Process (CIRP) against Galva India Private Limited is already pending. The date of default stated in the application is July 30, 2021. Agreements of Guarantee executed by the Personal Guarantor are placed in the typed set filed along with the application. A Demand Notice was issued under Rule 7(1) of the Insolvency and Bankruptcy Rules, 2019, to the Personal Guarantor on August 29, 2020. The application seeks to initiate proceedings against the Respondent under Section 95(1) of the IBC, 2016.