Tata Capital Financial Services Limited filed a Company Petition for the initiation of the Insolvency Resolution Process against the Respondent/Personal Guarantor, Mr. Sunil Sarojbhai Shah, under Section 95 of the Insolvency and Bankruptcy Code, 2016. The petitioner's counsel presented a demand notice dated 18.02.2021, along with a track report dated 04.03.2022, indicating the demand notice was duly served. The petitioner also referred to a deed of Guarantee dated 29.12.2016 executed by Mr. Sunil Sarojbhai Shah, the Personal Guarantor of the Corporate Debtor.
Tata Capital Financial Services Limited filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Insolvency Resolution Process against Mr. Sunil Sarojbhai Shah, the personal guarantor of the Corporate Debtor. A demand notice dated 18.02.2021 was served on the personal guarantor, as evidenced by the track report dated 04.03.2022. The petitioner also presented a deed of Guarantee dated 29.12.2016 executed by Mr. Shah. Notices sent to the respondent were returned unclaimed but were deemed served as per the law. The petitioner suggested the name of a Resolution Professional.
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Mr. Sunil Sarojbhai…
Demand notice was…
Tata Capital Financial Services Limited filed a Company Petition for the initiation of the Insolvency Resolution Process against the Respondent/Personal Guarantor, Mr. Sunil Sarojbhai Shah, under Section 95 of the Insolvency and Bankruptcy Code, 2016. The petitioner's counsel presented a demand notice dated 18.02.2021, along with a track report dated 04.03.2022, indicating the demand notice was duly served. The petitioner also referred to a deed of Guarantee dated 29.12.2016 executed by Mr. Sunil Sarojbhai Shah, the Personal Guarantor of the Corporate Debtor.
Tata Capital Financial Services Limited filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Insolvency Resolution Process against Mr. Sunil Sarojbhai Shah, the personal guarantor of the Corporate Debtor. A demand notice dated 18.02.2021 was served on the personal guarantor, as evidenced by the track report dated 04.03.2022. The petitioner also presented a deed of Guarantee dated 29.12.2016 executed by Mr. Shah. Notices sent to the respondent were returned unclaimed but were deemed served as per the law. The petitioner suggested the name of a Resolution Professional.
Mr. Sunil Sarojbhai…
Demand notice was…