The case pertains to an application filed by State Bank of India under Section 95 of the Insolvency and Bankruptcy Code, 2016, against the personal guarantor, Mr. B. Raajarajan, of Gold King Tex India Private Limited and G B Raja Top Weaving (P) Limited, which are under liquidation. The application seeks to initiate insolvency resolution process against the personal guarantor. The Corporate Insolvency Resolution Process (CIRP) had already commenced for the corporate debtors, and liquidation orders were also passed.
State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. B. Raajarajan, the personal guarantor of Gold King Tex India Private Limited and G B Raja Top Weaving (P) Limited. Both companies are under liquidation. The CIRP for Gold King Tex India Private Limited commenced on 25.01.2019, and liquidation was ordered on 03.09.2019. For G B Raja Top Weaving Private Limited, CIRP commenced on 15.03.2019, and liquidation was ordered on 29.08.2019. A demand notice was issued to the personal guarantor on 17.11.2021, as per Rule 7(1) of the Insolvency and Bankruptcy Rules, 2019. The date of default is mentioned as 17.04.2016. The NCLT sent a notice to the respondent on 23.03.2022, which was delivered on 31.03.2022. The
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The case pertains to an application filed by State Bank of India under Section 95 of the Insolvency and Bankruptcy Code, 2016, against the personal guarantor, Mr. B. Raajarajan, of Gold King Tex India Private Limited and G B Raja Top Weaving (P) Limited, which are under liquidation. The application seeks to initiate insolvency resolution process against the personal guarantor. The Corporate Insolvency Resolution Process (CIRP) had already commenced for the corporate debtors, and liquidation orders were also passed.
State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. B. Raajarajan, the personal guarantor of Gold King Tex India Private Limited and G B Raja Top Weaving (P) Limited. Both companies are under liquidation. The CIRP for Gold King Tex India Private Limited commenced on 25.01.2019, and liquidation was ordered on 03.09.2019. For G B Raja Top Weaving Private Limited, CIRP commenced on 15.03.2019, and liquidation was ordered on 29.08.2019. A demand notice was issued to the personal guarantor on 17.11.2021, as per Rule 7(1) of the Insolvency and Bankruptcy Rules, 2019. The date of default is mentioned as 17.04.2016. The NCLT sent a notice to the respondent on 23.03.2022, which was delivered on 31.03.2022. The
…The date of de…
Order passed for Commencement of CIRP of the…