The case pertains to a Company Petition filed by State Bank of India under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC), read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, seeking to initiate Personal Insolvency Resolution Process (CIRP) against Mrs. Mamta Kishore Apparao, the Personal Guarantor. A petition under section 9 of the Code was admitted against the Corporate Debtor on 24.04.2019, and a liquidation order under section 33(1) of the Code was passed against the Corporate Debtor on 26.09.2019.
State Bank of India filed a Company Petition under Section 95 of the IBC, seeking to initiate Personal Insolvency Resolution Process (CIRP) against Mrs. Mamta Kishore Apparao, who is the Personal Guarantor. The applicant claims a total outstanding of Rs. 5,58,05,35,399.30/-. A demand notice was served upon the Personal Guarantor via email on 15.10.2020, but the Personal Guarantor did not reply. A petition bearing CP (IB)No. 54/2019 under section 9 of the Code was admitted against the Corporate Debtor on 24.04.2019. A liquidation order under section 33(1) of the Code was passed by the Adjudicating Authority on 26.09.2019 against the Corporate Debtor. Demand Notice dated 30.09.2020 under Rule 7 (1) of the Insolvency and Bankruptcy Rules, 2019 was issued to the Personal
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Petition bearing CP (IB)No. 54/2019 under…
Liquidation order under section 33(1) of…
The case pertains to a Company Petition filed by State Bank of India under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC), read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, seeking to initiate Personal Insolvency Resolution Process (CIRP) against Mrs. Mamta Kishore Apparao, the Personal Guarantor. A petition under section 9 of the Code was admitted against the Corporate Debtor on 24.04.2019, and a liquidation order under section 33(1) of the Code was passed against the Corporate Debtor on 26.09.2019.
State Bank of India filed a Company Petition under Section 95 of the IBC, seeking to initiate Personal Insolvency Resolution Process (CIRP) against Mrs. Mamta Kishore Apparao, who is the Personal Guarantor. The applicant claims a total outstanding of Rs. 5,58,05,35,399.30/-. A demand notice was served upon the Personal Guarantor via email on 15.10.2020, but the Personal Guarantor did not reply. A petition bearing CP (IB)No. 54/2019 under section 9 of the Code was admitted against the Corporate Debtor on 24.04.2019. A liquidation order under section 33(1) of the Code was passed by the Adjudicating Authority on 26.09.2019 against the Corporate Debtor. Demand Notice dated 30.09.2020 under Rule 7 (1) of the Insolvency and Bankruptcy Rules, 2019 was issued to the Personal
…Petition bearing CP (IB)No. 54/2019 under…
Liquidation order under section 33(1) of…