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 filed an application under Section 94 of the IBC as a personal guarantor to M/s Emgee Cables & Communications Pvt. Ltd.
A loan was advanced to the Corporate Debtor by Dena Bank, Edelwiess Retail Finance Ltd. & Small Industries Development Bank of India (SIDBI).
The applicant received a notice dated 28.05.2018 under section 13(2) of the SARFAESI Act, 2002, issued by Dena Bank, seeking invocation of the personal guarantee.
Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor vide order dated 27.07.2018.
The Committee of Creditors (CoC) unanimously passed a resolution to liquidate the Corporate Debtor.
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Applicant received a…
CIRP initiated…
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 filed an application under Section 94 of the IBC as a personal guarantor to M/s Emgee Cables & Communications Pvt. Ltd.
A loan was advanced to the Corporate Debtor by Dena Bank, Edelwiess Retail Finance Ltd. & Small Industries Development Bank of India (SIDBI).
The applicant received a notice dated 28.05.2018 under section 13(2) of the SARFAESI Act, 2002, issued by Dena Bank, seeking invocation of the personal guarantee.
Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor vide order dated 27.07.2018.
The Committee of Creditors (CoC) unanimously passed a resolution to liquidate the Corporate Debtor.
…Applicant received a…
CIRP initiated…