State Bank of India filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. K. Padmanabhan, a personal guarantor to Teledata Marine Solutions Limited, for a default amount of Rs. 265,79,48,953.31. The petition was filed on 29.06.2022.
State Bank of India filed a petition against Mr. K. Padmanabhan under Section 95 of the IBC, 2016.
The default amount claimed was Rs. 265,79,48,953.31.
The Date of Default specified in the petition was 02.09.2012.
Mr. K. Padmanabhan was a personal guarantor for Teledata Marine Solutions Limited.
A Demand Notice was issued on 12.11.2010 to both the Corporate Debtor and the Personal Guarantors.
Winding up/Liquidation proceedings were ordered against Teledata Marine Solutions Limited under Section 433 Companies Act, 1956.
A Recovery Certificate bearing No. 100/2012 was issued on 04.07.2012 by the Debt Recovery Tribunal-III, Chennai.
The IRP recommended the admission of the application.
The Personal Guarantor contended that the petition was barred by limitation.
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Respondent and his wife Mrs. Gayathri…
Financial Creditor send a demand notice on…
State Bank of India filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. K. Padmanabhan, a personal guarantor to Teledata Marine Solutions Limited, for a default amount of Rs. 265,79,48,953.31. The petition was filed on 29.06.2022.
State Bank of India filed a petition against Mr. K. Padmanabhan under Section 95 of the IBC, 2016.
The default amount claimed was Rs. 265,79,48,953.31.
The Date of Default specified in the petition was 02.09.2012.
Mr. K. Padmanabhan was a personal guarantor for Teledata Marine Solutions Limited.
A Demand Notice was issued on 12.11.2010 to both the Corporate Debtor and the Personal Guarantors.
Winding up/Liquidation proceedings were ordered against Teledata Marine Solutions Limited under Section 433 Companies Act, 1956.
A Recovery Certificate bearing No. 100/2012 was issued on 04.07.2012 by the Debt Recovery Tribunal-III, Chennai.
The IRP recommended the admission of the application.
The Personal Guarantor contended that the petition was barred by limitation.
…Respondent and his wife Mrs. Gayathri…
Financial Creditor send a demand notice on…