The case involves an application filed by Union Bank of India (Erstwhile Andhra Bank) under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the initiation of the Insolvency Resolution Process against Mr. P.K. Balasubramanian, a personal guarantor. An earlier application against the same personal guarantor had already been filed in CP/5/CHE/2022.
Union Bank of India (Erstwhile Andhra Bank) filed an application CP(IB)/33(CHE)/2022 under Section 95 of the IBC, 2016, seeking the initiation of the Insolvency Resolution Process against Mr. P.K. Balasubramanian, who is a personal guarantor. An earlier application, CP/5/CHE/2022, had already been filed against Mr. Balasubramanian. The order dated 07.06.2022 had already appointed an IRP under Section 97 of IBC, 2016. The bank's Stressed Asset Management Branch is located in Chennai. Mr. Balasubramanian resides in Chennai.
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Order dated 07.06.2022…
Hearing held on…
The case involves an application filed by Union Bank of India (Erstwhile Andhra Bank) under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the initiation of the Insolvency Resolution Process against Mr. P.K. Balasubramanian, a personal guarantor. An earlier application against the same personal guarantor had already been filed in CP/5/CHE/2022.
Union Bank of India (Erstwhile Andhra Bank) filed an application CP(IB)/33(CHE)/2022 under Section 95 of the IBC, 2016, seeking the initiation of the Insolvency Resolution Process against Mr. P.K. Balasubramanian, who is a personal guarantor. An earlier application, CP/5/CHE/2022, had already been filed against Mr. Balasubramanian. The order dated 07.06.2022 had already appointed an IRP under Section 97 of IBC, 2016. The bank's Stressed Asset Management Branch is located in Chennai. Mr. Balasubramanian resides in Chennai.
Order dated 07.06.2022…
Hearing held on…