The case involves CP(IB)/226/CHE/2021 filed by State Bank of India against Vijayaraj Surana under Section 95(1) of the IBC, 2016. The Learned Counsel, Mr.M.L.Ganesh appeared on behalf of the Petitioner and Learned Counsel, Mr.Guruprasath appeared on behalf of the Respondent through video conferencing. A memo was filed by the Counsel for the Financial Creditor on 04.04.2022. Insolvency proceedings have been initiated under Section 95 by NCLT, Bench-II, Chennai commencing insolvency proceedings vide Order dated 24.06.2022.
State Bank of India filed CP(IB)/226/CHE/2021 against Vijayaraj Surana under Section 95(1) of the IBC, 2016. A memo was filed on 04.04.2022 by the Counsel for the Financial Creditor. Insolvency proceedings against the same guarantor had already been initiated under Section 95 by NCLT, Bench-II, Chennai, commencing insolvency proceedings vide Order dated 24.06.2022. The relevance of the existing insolvency proceedings is that it led to the dismissal of the current case.
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Counsel for the…
NCLT, Bench-II, Chennai, initiated insolvency…
The case involves CP(IB)/226/CHE/2021 filed by State Bank of India against Vijayaraj Surana under Section 95(1) of the IBC, 2016. The Learned Counsel, Mr.M.L.Ganesh appeared on behalf of the Petitioner and Learned Counsel, Mr.Guruprasath appeared on behalf of the Respondent through video conferencing. A memo was filed by the Counsel for the Financial Creditor on 04.04.2022. Insolvency proceedings have been initiated under Section 95 by NCLT, Bench-II, Chennai commencing insolvency proceedings vide Order dated 24.06.2022.
State Bank of India filed CP(IB)/226/CHE/2021 against Vijayaraj Surana under Section 95(1) of the IBC, 2016. A memo was filed on 04.04.2022 by the Counsel for the Financial Creditor. Insolvency proceedings against the same guarantor had already been initiated under Section 95 by NCLT, Bench-II, Chennai, commencing insolvency proceedings vide Order dated 24.06.2022. The relevance of the existing insolvency proceedings is that it led to the dismissal of the current case.
Counsel for the…
NCLT, Bench-II, Chennai, initiated insolvency…