The State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate insolvency proceedings against the Personal Guarantor, Mrs. Kamla Jain. The application was filed before the National Company Law Tribunal (NCLT), New Delhi.
The State Bank of India filed an application under Section 95 of the IBC, 2016, to initiate insolvency proceedings against Mrs. Kamla Jain, the Personal Guarantor. A limited notice was issued on August 4, 2021. Mrs. Jain appeared through her counsel, who stated that she had no objection to the appointment of a Resolution Professional. Mr. Yogender Pal Singhal, with registration number IBBI/IPA-001/IP-P00492/2017-18/10880, was appointed as the Resolution Professional (RP) for the Corporate Debtor. The RP's written consent and an affidavit stating no disciplinary proceedings are pending against him were available with the application. The RP is directed to file a report in terms of Section 99 of the IBC within 10 days of the order. The matter is listed for further
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Limited noti…
The order was d…
The State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate insolvency proceedings against the Personal Guarantor, Mrs. Kamla Jain. The application was filed before the National Company Law Tribunal (NCLT), New Delhi.
The State Bank of India filed an application under Section 95 of the IBC, 2016, to initiate insolvency proceedings against Mrs. Kamla Jain, the Personal Guarantor. A limited notice was issued on August 4, 2021. Mrs. Jain appeared through her counsel, who stated that she had no objection to the appointment of a Resolution Professional. Mr. Yogender Pal Singhal, with registration number IBBI/IPA-001/IP-P00492/2017-18/10880, was appointed as the Resolution Professional (RP) for the Corporate Debtor. The RP's written consent and an affidavit stating no disciplinary proceedings are pending against him were available with the application. The RP is directed to file a report in terms of Section 99 of the IBC within 10 days of the order. The matter is listed for further
…Limited noti…
The order was d…