State Bank of India filed an application against Sanjay Jain, the Personal Guarantor to Corporate Debtor, under Section 95 of the IBC, 2016, seeking to initiate the Insolvency Resolution Process and appoint a Resolution Professional. The respondent was served through publication in newspapers, and the copy of the publication was filed with the Tribunal via affidavit dated 2022-11-25.
State Bank of India (SBI) filed an application under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016 against Sh. Sanjay Jain, who is the personal guarantor to a corporate debtor. SBI seeks to initiate the Insolvency Resolution (IR) process and appoint a Resolution Professional (RP). The guarantee provided by the applicant was invoked via a letter dated 2013-02-26 issued by the State Bank of Travancore. Upon filing the application, an interim moratorium commenced as per Section 96(1)(a) of the IBC. The court appointed Mr. Ashish Singh as the Resolution Professional.
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The guarantee given by the Applicant herein was…
Copy of the publication served to the…
State Bank of India filed an application against Sanjay Jain, the Personal Guarantor to Corporate Debtor, under Section 95 of the IBC, 2016, seeking to initiate the Insolvency Resolution Process and appoint a Resolution Professional. The respondent was served through publication in newspapers, and the copy of the publication was filed with the Tribunal via affidavit dated 2022-11-25.
State Bank of India (SBI) filed an application under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016 against Sh. Sanjay Jain, who is the personal guarantor to a corporate debtor. SBI seeks to initiate the Insolvency Resolution (IR) process and appoint a Resolution Professional (RP). The guarantee provided by the applicant was invoked via a letter dated 2013-02-26 issued by the State Bank of Travancore. Upon filing the application, an interim moratorium commenced as per Section 96(1)(a) of the IBC. The court appointed Mr. Ashish Singh as the Resolution Professional.
The guarantee given by the Applicant herein was…
Copy of the publication served to the…