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 State Bank of India, represented by its Assistant General Manager, 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 under liquidation, with a liquidation order passed on 08.04.2021. The date of default is stated as 05.12.2018. Demand Notice was issued to the Personal Guarantor on 31.10.2020. The application seeks to initiate insolvency resolution proceedings against the personal guarantor. The Agreements of Guarantee executed by the Personal Guarantor are placed between page Nos. 102-147 as Annexures A1(9)- A1 (12).
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The date of default as…
Demand Notice issued under Rule 7(1) of the…
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 State Bank of India, represented by its Assistant General Manager, 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 under liquidation, with a liquidation order passed on 08.04.2021. The date of default is stated as 05.12.2018. Demand Notice was issued to the Personal Guarantor on 31.10.2020. The application seeks to initiate insolvency resolution proceedings against the personal guarantor. The Agreements of Guarantee executed by the Personal Guarantor are placed between page Nos. 102-147 as Annexures A1(9)- A1 (12).
The date of default as…
Demand Notice issued under Rule 7(1) of the…