The petition was filed by State Bank of India through its Resolution Professional, Mr. Anil Kohli, to initiate the Corporate Insolvency Resolution Process against Mr. Vijay R. Gupta, who is the personal guarantor of M/S. Shreem Corporation Limited (previously known as M/S Rajput Retail Limited (RRL)).
State Bank of India, through its Resolution Professional Mr. Anil Kohli, filed a Company Petition to initiate the Corporate Insolvency Resolution Process against Mr. Vijay R. Gupta. Mr. Gupta is the personal guarantor of M/S. Shreem Corporation Limited, previously known as M/S Rajput Retail Limited (RRL). The petition was filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The petitioner's counsel highlighted the Deed of Guarantee dated December 31, 2011, executed by the personal guarantor, and the invocation of guarantee dated April 18, 2024. A demand notice was sent on April 25, 2024, to the personal guarantor regarding the unpaid debt in default from M/S. Shreem Corporation Limited. The NCLT noted that the petition for initiating insolvency
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Deed of Guarantee…
Hon'ble Supreme Court decided Dilip B Jiwrajka…
The petition was filed by State Bank of India through its Resolution Professional, Mr. Anil Kohli, to initiate the Corporate Insolvency Resolution Process against Mr. Vijay R. Gupta, who is the personal guarantor of M/S. Shreem Corporation Limited (previously known as M/S Rajput Retail Limited (RRL)).
State Bank of India, through its Resolution Professional Mr. Anil Kohli, filed a Company Petition to initiate the Corporate Insolvency Resolution Process against Mr. Vijay R. Gupta. Mr. Gupta is the personal guarantor of M/S. Shreem Corporation Limited, previously known as M/S Rajput Retail Limited (RRL). The petition was filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The petitioner's counsel highlighted the Deed of Guarantee dated December 31, 2011, executed by the personal guarantor, and the invocation of guarantee dated April 18, 2024. A demand notice was sent on April 25, 2024, to the personal guarantor regarding the unpaid debt in default from M/S. Shreem Corporation Limited. The NCLT noted that the petition for initiating insolvency
…Deed of Guarantee…
Hon'ble Supreme Court decided Dilip B Jiwrajka…