The State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate insolvency proceedings against Mrs. Kamla Jain, the Personal Guarantor. A limited notice was issued on 04.08.2021. Mrs. Kamla Jain appeared through her counsel and did not object to the appointment of a Resolution Professional. The NCLT appointed Mr. Yogender Pal as the Resolution Professional for the Corporate Debtor, as per Section 97 of the IBC. The RP is required to file a report under Section 99 of the IBC within 10 days. The matter is listed for further consideration on 05.09.2022. The written consent of the RP and an affidavit stating no disciplinary proceedings are pending against him before IBBI or ICAI are available with the application.

The State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate insolvency proceedings against Mrs. Kamla Jain, the Personal Guarantor. A limited notice was issued on 04.08.2021. Mrs. Kamla Jain appeared through her counsel and did not object to the appointment of a Resolution Professional. The NCLT appointed Mr. Yogender Pal as the Resolution Professional for the Corporate Debtor, as per Section 97 of the IBC. The RP is required to file a report under Section 99 of the IBC within 10 days. The matter is listed for further consideration on 05.09.2022. The written consent of the RP and an affidavit stating no disciplinary proceedings are pending against him before IBBI or ICAI are available with the application.