This is an application filed by the State Bank of India through Resolution Professional Mr. Vijender Sharma under Section 95(1) of IBC, 2016, against Mr. Ram Rattan Goyal, the Personal Guarantor. The applicant submits that the Respondent/Personal Guarantor has already been served with the notice and they have appeared on the last date. The demand notice has been properly served to the Personal Guarantor and the guarantee was invoked vide letter dated 15.03.2019. Also the bank has issued demand notice dated 29.07.2019.
State Bank of India filed an application under Section 95(1) of the IBC, 2016, through Resolution Professional Mr. Vijender Sharma, against Mr. Ram Rattan Goyal, who is the Personal Guarantor. The applicant claims that the Personal Guarantor was served with a notice and appeared on the last date. The demand notice was properly served to the Personal Guarantor, and the guarantee was invoked via a letter dated 15.03.2019. The bank also issued a demand notice dated 29.07.2019. Upon filing the application, an interim moratorium commenced as per Section 96(1)(a) of the IBC, 2016, concerning all debts of the Personal Guarantor.
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The guarantee was…
The bank issued a…
This is an application filed by the State Bank of India through Resolution Professional Mr. Vijender Sharma under Section 95(1) of IBC, 2016, against Mr. Ram Rattan Goyal, the Personal Guarantor. The applicant submits that the Respondent/Personal Guarantor has already been served with the notice and they have appeared on the last date. The demand notice has been properly served to the Personal Guarantor and the guarantee was invoked vide letter dated 15.03.2019. Also the bank has issued demand notice dated 29.07.2019.
State Bank of India filed an application under Section 95(1) of the IBC, 2016, through Resolution Professional Mr. Vijender Sharma, against Mr. Ram Rattan Goyal, who is the Personal Guarantor. The applicant claims that the Personal Guarantor was served with a notice and appeared on the last date. The demand notice was properly served to the Personal Guarantor, and the guarantee was invoked via a letter dated 15.03.2019. The bank also issued a demand notice dated 29.07.2019. Upon filing the application, an interim moratorium commenced as per Section 96(1)(a) of the IBC, 2016, concerning all debts of the Personal Guarantor.
The guarantee was…
The bank issued a…