The case pertains to an application filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against Mr. R V Tyagarajan, the personal guarantor of M/s. Thiru Arooran Sugars Limited, a Corporate Debtor undergoing liquidation. An order for the liquidation of Thiru Arooran Sugars Limited was previously passed by the Adjudicating Authority on 08.04.2021 in IA/1186/IB/2020. The application was filed by State Bank of India, the Financial Creditor.
State Bank of India, the Financial Creditor, filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against Mr. R V Tyagarajan, the personal guarantor of M/s. Thiru Arooran Sugars Limited. Thiru Arooran Sugars Limited, the Corporate Debtor, is already under liquidation, with a liquidation order passed on 08.04.2021. The date of default stated in the application is 05.12.2018. Agreements of Guarantee executed by the Personal Guarantor are placed on record. A Demand Notice was issued to the Personal Guarantor on 31.10.2020. The application seeks to initiate proceedings against the personal guarantor under Section 95(1) of the IBC, 2016.
Sign in to view the parties.
The date of de…
Demand Notice i…
The case pertains to an application filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against Mr. R V Tyagarajan, the personal guarantor of M/s. Thiru Arooran Sugars Limited, a Corporate Debtor undergoing liquidation. An order for the liquidation of Thiru Arooran Sugars Limited was previously passed by the Adjudicating Authority on 08.04.2021 in IA/1186/IB/2020. The application was filed by State Bank of India, the Financial Creditor.
State Bank of India, the Financial Creditor, filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against Mr. R V Tyagarajan, the personal guarantor of M/s. Thiru Arooran Sugars Limited. Thiru Arooran Sugars Limited, the Corporate Debtor, is already under liquidation, with a liquidation order passed on 08.04.2021. The date of default stated in the application is 05.12.2018. Agreements of Guarantee executed by the Personal Guarantor are placed on record. A Demand Notice was issued to the Personal Guarantor on 31.10.2020. The application seeks to initiate proceedings against the personal guarantor under Section 95(1) of the IBC, 2016.
The date of de…
Demand Notice i…