The petitioner sought to initiate insolvency proceedings against a personal guarantor under Section 95(1) of the Insolvency and Bankruptcy Code, 2016.
The petitioner, State Bank of India, filed a petition under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against Sudesh Sonthalia, who is the personal guarantor. The petition was listed for hearing before the National Company Law Tribunal, Kolkata Bench, on May 19, 2022. During the hearing, the counsel for the petitioner was present.
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The NCLT heard the petition. The petitioner's…
The petitioner sought to initiate insolvency proceedings against a personal guarantor under Section 95(1) of the Insolvency and Bankruptcy Code, 2016.
The petitioner, State Bank of India, filed a petition under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against Sudesh Sonthalia, who is the personal guarantor. The petition was listed for hearing before the National Company Law Tribunal, Kolkata Bench, on May 19, 2022. During the hearing, the counsel for the petitioner was present.
The NCLT heard the petition. The petitioner's…