The case pertains to an application filed under Section 94 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, by Mr. Abhinav Choudhari, the Applicant/Guarantor.
Abhinav Choudhari, the applicant, is the personal guarantor for M/s Emgee Cables & Communications Pvt. Ltd.
The application is filed under Section 94(1) of the Insolvency and Bankruptcy Code, 2016.
The Corporate Debtor, M/s Emgee Cables & Communications Pvt. Ltd., is undergoing liquidation as per an order dated 18.09.2019.
The applicant defaulted on obligations pursuant to the personal guarantee.
The amount of default is Rs. 48,39,49,100/- with the date of default as 31.03.2018.
The Adjudicating Authority appointed Mr. Vishnu Upadhyay as the Resolution Professional.
An interim moratorium commenced from 04.01.2022, the date of filing of the application.
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Date of filing of the…
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The case pertains to an application filed under Section 94 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, by Mr. Abhinav Choudhari, the Applicant/Guarantor.
Abhinav Choudhari, the applicant, is the personal guarantor for M/s Emgee Cables & Communications Pvt. Ltd.
The application is filed under Section 94(1) of the Insolvency and Bankruptcy Code, 2016.
The Corporate Debtor, M/s Emgee Cables & Communications Pvt. Ltd., is undergoing liquidation as per an order dated 18.09.2019.
The applicant defaulted on obligations pursuant to the personal guarantee.
The amount of default is Rs. 48,39,49,100/- with the date of default as 31.03.2018.
The Adjudicating Authority appointed Mr. Vishnu Upadhyay as the Resolution Professional.
An interim moratorium commenced from 04.01.2022, the date of filing of the application.
Date of filing of the…
Order prono…