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 financial creditor had served notice to the personal guarantor before filing the application. The RP provided opportunity to the personal guarantor, but no repayment plan was submitted.
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, despite the RP providing an opportunity. The financial creditor had served notice to the personal guarantor before filing the application. The court noted the absence of a repayment plan and the prior notice served to the guarantor.
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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 financial creditor had served notice to the personal guarantor before filing the application. The RP provided opportunity to the personal guarantor, but no repayment plan was submitted.
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, despite the RP providing an opportunity. The financial creditor had served notice to the personal guarantor before filing the application. The court noted the absence of a repayment plan and the prior notice served to the guarantor.
Attendance cum order…