The case pertains to IA (IBC) 959/2023 in CP(IB) No.448/95/HDB/2020 under Section 95 of the IBC, 2016. The RP filed an application stating that he has not received any repayment plan from the guarantor. The court noted that the personal guarantor was given an opportunity to submit a repayment plan, but no plan was submitted. The financial creditor had served notice to the personal guarantor before filing the application.
State Bank of India filed an application against Karan U Jethwani & Meena Jewellers Pvt Ltd & 2 others. The Resolution Professional (RP) stated that no repayment plan was received from the personal guarantor. The RP's report indicated that the personal guarantor was given an opportunity to submit a plan but failed to do so. Prior to filing the application, the financial creditor served notice to the personal guarantor. The court considered these circumstances when admitting the application.
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Attendance cum order…
The case pertains to IA (IBC) 959/2023 in CP(IB) No.448/95/HDB/2020 under Section 95 of the IBC, 2016. The RP filed an application stating that he has not received any repayment plan from the guarantor. The court noted that the personal guarantor was given an opportunity to submit a repayment plan, but no plan was submitted. The financial creditor had served notice to the personal guarantor before filing the application.
State Bank of India filed an application against Karan U Jethwani & Meena Jewellers Pvt Ltd & 2 others. The Resolution Professional (RP) stated that no repayment plan was received from the personal guarantor. The RP's report indicated that the personal guarantor was given an opportunity to submit a plan but failed to do so. Prior to filing the application, the financial creditor served notice to the personal guarantor. The court considered these circumstances when admitting the application.
Attendance cum order…