The case pertains to an application filed in the National Company Law Tribunal, New Delhi, regarding the rejection of a repayment plan by the creditors of a personal guarantor. The matter involves Union Bank of India (UK) Ltd as the applicant/petitioner and Ajit Jain as the personal guarantor. The case is being heard under Section 95.
Union Bank of India (UK) Ltd filed an application against Ajit Jain, who is the personal guarantor. The creditors rejected the repayment plan proposed by the personal guarantor. A report regarding the rejection was submitted to the court. The Resolution Professional also filed a report. The court took both reports on record. The creditors are now directed to file an application for initiation of bankruptcy proceedings.
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Filing of IA-2101/2021…
Filing of IA-1392/2021,…
The case pertains to an application filed in the National Company Law Tribunal, New Delhi, regarding the rejection of a repayment plan by the creditors of a personal guarantor. The matter involves Union Bank of India (UK) Ltd as the applicant/petitioner and Ajit Jain as the personal guarantor. The case is being heard under Section 95.
Union Bank of India (UK) Ltd filed an application against Ajit Jain, who is the personal guarantor. The creditors rejected the repayment plan proposed by the personal guarantor. A report regarding the rejection was submitted to the court. The Resolution Professional also filed a report. The court took both reports on record. The creditors are now directed to file an application for initiation of bankruptcy proceedings.
Filing of IA-2101/2021…
Filing of IA-1392/2021,…