The case involves an application filed by State Bank of India (SBI) under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016 against Mr. S. Ashok, the personal guarantor of M/s. MPL Cars Private Limited, the Corporate Debtor. MPL Cars Private Limited is under liquidation, and an order for its liquidation was previously passed by the Adjudicating Authority on 27.01.2021 in IA/264/IB/2020.
State Bank of India (SBI) filed an application under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016 against Mr. S. Ashok, who is the personal guarantor for M/s. MPL Cars Private Limited. M/s. MPL Cars Private Limited, the Corporate Debtor, is currently under liquidation, with a liquidation order passed by the Adjudicating Authority on 27.01.2021 in IA/264/IB/2020. The date of default, as stated in the application, is 05.12.2012. A demand notice was issued to the personal guarantor on 10.03.2020 under Rule 7(1) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019. The application seeks to initiate insolvency resolution proceedings against the
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An order for the liquidation of M/s. MPL…
The date of default as…
The case involves an application filed by State Bank of India (SBI) under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016 against Mr. S. Ashok, the personal guarantor of M/s. MPL Cars Private Limited, the Corporate Debtor. MPL Cars Private Limited is under liquidation, and an order for its liquidation was previously passed by the Adjudicating Authority on 27.01.2021 in IA/264/IB/2020.
State Bank of India (SBI) filed an application under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016 against Mr. S. Ashok, who is the personal guarantor for M/s. MPL Cars Private Limited. M/s. MPL Cars Private Limited, the Corporate Debtor, is currently under liquidation, with a liquidation order passed by the Adjudicating Authority on 27.01.2021 in IA/264/IB/2020. The date of default, as stated in the application, is 05.12.2012. A demand notice was issued to the personal guarantor on 10.03.2020 under Rule 7(1) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019. The application seeks to initiate insolvency resolution proceedings against the
…An order for the liquidation of M/s. MPL…
The date of default as…