The case pertains to an application filed under Section 95 of the Insolvency and Bankruptcy Code, 2016, against N Lakshmi Priya, the personal guarantor of M/s. Nathella Sampath Jewelry Private Limited, the Corporate Debtor. The Corporate Debtor is under liquidation, with a common order passed for its liquidation by the Adjudicating Authority on 03.01.2020. The application was filed by State Bank of India, the Financial Creditor.
State Bank of India (SBI), the Financial Creditor, filed an application under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016 against Mrs. N Lakshmi Priya, the personal guarantor to the Corporate Debtor, M/s. Nathella Sampath Jewelry Private Limited. The Corporate Debtor is already under liquidation, with an order passed on 03.01.2020. The date of default stated in the application is 04.02.2018. A demand notice was issued to the Personal Guarantor on 28.08.2020. The application seeks to initiate insolvency resolution process against the personal guarantor. The Adjudicating Authority considered the application and the documents filed, including the agreements of guarantee and the demand notice. The NCLAT has previously held that the Adjudicating Authority
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A common order was passed for the liquidation…
The date of default as…
The case pertains to an application filed under Section 95 of the Insolvency and Bankruptcy Code, 2016, against N Lakshmi Priya, the personal guarantor of M/s. Nathella Sampath Jewelry Private Limited, the Corporate Debtor. The Corporate Debtor is under liquidation, with a common order passed for its liquidation by the Adjudicating Authority on 03.01.2020. The application was filed by State Bank of India, the Financial Creditor.
State Bank of India (SBI), the Financial Creditor, filed an application under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016 against Mrs. N Lakshmi Priya, the personal guarantor to the Corporate Debtor, M/s. Nathella Sampath Jewelry Private Limited. The Corporate Debtor is already under liquidation, with an order passed on 03.01.2020. The date of default stated in the application is 04.02.2018. A demand notice was issued to the Personal Guarantor on 28.08.2020. The application seeks to initiate insolvency resolution process against the personal guarantor. The Adjudicating Authority considered the application and the documents filed, including the agreements of guarantee and the demand notice. The NCLAT has previously held that the Adjudicating Authority
…A common order was passed for the liquidation…
The date of default as…