The Financial Creditor filed an application for the Resolution Professional to close the proceedings in CP 101/95/HDB/2022 and to grant leave to file a Petition to declare the Personal Guarantor as bankrupt. The Tribunal order dated 09.01.2023 in IA 1583/2022 had recorded that despite giving sufficient opportunity to the Personal Guarantor to submit the Repayment Plan, the Personal Guarantor failed to submit any repayment plan.
The Financial Creditor filed an application (IA (IBC) 1082/2023) in CP (IB) No. 101/95/HDB/2022 seeking closure of proceedings and leave to declare the Personal Guarantor as bankrupt. The Tribunal had previously noted on 09.01.2023 in IA 1583/2022 that the Personal Guarantor failed to submit a repayment plan despite being given sufficient opportunity. The Resolution Professional confirmed that no repayment plan was received. The Financial Creditor requested to initiate proceedings against the Personal Guarantor by declaring him bankrupt.
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The Tribunal recorded that despite giving…
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The Financial Creditor filed an application for the Resolution Professional to close the proceedings in CP 101/95/HDB/2022 and to grant leave to file a Petition to declare the Personal Guarantor as bankrupt. The Tribunal order dated 09.01.2023 in IA 1583/2022 had recorded that despite giving sufficient opportunity to the Personal Guarantor to submit the Repayment Plan, the Personal Guarantor failed to submit any repayment plan.
The Financial Creditor filed an application (IA (IBC) 1082/2023) in CP (IB) No. 101/95/HDB/2022 seeking closure of proceedings and leave to declare the Personal Guarantor as bankrupt. The Tribunal had previously noted on 09.01.2023 in IA 1583/2022 that the Personal Guarantor failed to submit a repayment plan despite being given sufficient opportunity. The Resolution Professional confirmed that no repayment plan was received. The Financial Creditor requested to initiate proceedings against the Personal Guarantor by declaring him bankrupt.
The Tribunal recorded that despite giving…
Hearing held on the…
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